Friday, August 1, 2014

Technical Analysis Aug 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX succeed breakout MA50 resistance & retest MA100 resistance level.

Will it breakout MA100 resistance level?

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

Immediate resistance @ MA100 level.
Subsequent resistance @ MA200 level.

Immediate support @ MA50 level.
Subsequent support @ MA20 level.

EBOLA theme might boost up glove sector bull run.
Source:
http://online.wsj.com/articles/sierra-leone-leader-calls-in-army-to-quarantine-ebola-stricken-neighborhoods-1406804513

Let's watch closely ...

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