Saturday, January 28, 2012

Technical Analysis Jan 2012: SUPERMX (7106)


SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMAX retrace down from RM2.32 & retest MA20 support level.

Reversal candlestick been formed, will it rebound?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

If rebound, it might retest RM2.32 resistance level.
Immediate support @ MA20 level.
Subsequent support @ RM2 psychology level.
However, strong support at MA50 level.

Let watch closely.

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