Wednesday, December 3, 2014

Technical Analysis Dec 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming double bottom @ RM2.01 level ?

Will it breakout descending triangle resistance?

Other indicator:-
MACD trade @ negaive region, downtrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM2.15 level.
Subsequent resistance @ RM2.17 level.

Immediate support @ RM2.01 level.
Subsequent support @ RM1.89 level.

How do you think on USD impact glove sector?
http://globalrubbermarkets.com/6397/malaysia-rubber-gloves-gain-on-weakening-ringgit.html
http://www.theedgemarkets.com/en/node/172663

Let's watch closely ...

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