Saturday, March 15, 2014

Technical Analysis Mar 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:- 

SUPERMX break the MA100 support level...

How low will it go?

Other indicator:- 
MACD trade at negative region, downtrend sign. 
Stochastic %K at oversold stage, pending BUY call.

Immediate resistance @ MA100 level.
Subsequent resistance @ RM2.80 level.

Immediate support @ RM2.62 level
Subsequent support @ MA200 level, which is around RM2.50.

Let watch closely for technical rebound.

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