Technical Analysis May 2012: SUPERMX (7106)
SUPERMAX CORPORATION BERHAD
Observation From Chart:-
SUPERMAX keep consolidate @ RM1.87 level & forming bolinger band squeeze.
When will it break through the band?
Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K pending trigger BUY call.
If rebound, immediate resistance would be MA50 level.
Subsequent resistance MA100 level.
Immediate support @ RM1.87 level.
Subsequent support @ MA200 level.
Let watch closely.
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