Sunday, September 18, 2011

Technical Analysis Sept 2011: SUPERMX (7106)



SUPERMAX CORPORATION BERHAD

Observation From Chart:-

Since SUPERMAX break down RM3.60 support level, there is no rebound.

As 14 Sept closing price, RM2.32 which is -RM1.28 or 35.3%

Current support is RM2.32

Subsequent support at RM2.00 level.

Other indicator:-
MACD still at negative region, downtrend sign.
No reversal candlestick been formed.
RSI & Stochastic %K at oversold stage, already trigger BUY call, pending confirmation.

Let watch closely for technical rebound.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!


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