Wednesday, November 2, 2011

Technical Analysis Nov 2011: SUPERMX (7106)


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.

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


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