Thursday, May 3, 2012

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.

0 comments:

Post a Comment