Wednesday, November 2, 2011

Technical Analysis Nov 2011: SUPERMX (7106)


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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