Thursday, July 5, 2012

Technical Analysis July 2012: SUPERMX (7106)


SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMAX retest MA20 support level.

Will it rebound?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K still on SELL call itinerary.

If rebound, immediate resistance would be RM2.13 level.
If break down MA20, immediate support @ RM1.93 level.
Subsequent support @ MA50 level.

Do follow up: Mystery disease in Cambodia kills 61 children
http://www.boston.com/news/world/asia/2012/07/04/mystery-disease-cambodia-kills-children/9JFOwwQxvX0k5brVKxUxzH/story.html

Let's watch closely.

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