Wednesday, December 4, 2013

Technical Analysis Dec 2013: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMX forming ascending triangle pattern?

Will it breakout RM2.80 strong resistance?

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

Immediate resistance @ RM2.80 level.

Immediate support @ MA20 level, which is ascending triangle support level.

Do watch out H7N9, will it kick off the bull run for glove sector?
http://online.wsj.com/news/articles/SB10001424052702304854804579234821146456060

Let's watch closely

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