SUPERMAX CORPORATION BERHAD
Observation From Chart:-
SUPERMAX keep retest MA200 resistant level.
Will it break through this strong resistant?
Other indicator:-
MACD still at positive region, uptrend sign.
RSI & Stochastic %K already reach overbought stage.
It might retrace down for correction or consolidate at this level before go higher.
However, strong support at RM3.30, which is MA100 level.
On 1 Nov 2011, SUPERMAX proposed bonus issue of 340,077,440 new Supermax Shares to be credited as fully paid-up on the basis of one (1) Bonus Share for every one (1) existing Supermax Share held on an entitlement date to be determined later.
Let watch closely.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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