Thursday, January 30, 2014

Technical Analysis Jan 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMX succeed breakout descending triangle?

 How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ RM3.00 psychology level.

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

Do watch out H1N1 & H7N9, will it kick off the bull run for glove sector?
http://peninsulaclarion.com/news/2014-01-29/state-confirms-soldotna-man-died-of-h1n1-flu

http://www.cidrap.umn.edu/news-perspective/2014/01/seven-new-h7n9-cases-plus-family-cluster-reported

Let's watch closely

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