SUPERMAX CORPORATION BERHAD
Observation From Chart:-
SUPERMAX is forming ascending triangle.
Will it break through strong resistant, RM3.80?
Other indicator:-
MACD still at positive region, uptrend sign.
MACD bullish touching, pending crossover.
Stochastic %K already trigger BUY call.
It might retest RM3.80 resistance.
If the bull is strong enough, it might break through this level & go higher.
However, strong support at lower triangle line, which is MA50 level.
Will H5N1 bird flu theme make glove maker stock bull run?
Do recall that 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.
http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp
ReplyDelete10% share buy back!
Looking at chart pattern, there is a buy signal.
ReplyDeletehttp://lcchong.files.wordpress.com/2011/12/supermx1.png
Besides, Rolling 4Q Earnings Yield(%) is 8.67% and CU Earnings Yield(%) is 12.46%. This stock is undervalued.