Tuesday, October 8, 2013

Technical Analysis Oct 2013: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMX retest MA50 support level.

Will it rebound?

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

Immediate resistance @ MA20 level.
Subsequent resistance @ RM2.80 level.

Immediate support @ MA50 level.
Subsequent support @ MA100 level.

Let's watch closely

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