Tuesday, September 4, 2012

Technical Analysis Sept 2012: SUPERMX (7106)


SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMAX rebound from MA100 support level & retest MA20 resistance level.

Will it break through & go higher?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K still on BUY call itinerary.

If able break through MA20 level, next resistance would be RM2.23 level.
If break down, immediate support @ MA100 level.

Let's watch closely.

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