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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