Friday, February 6, 2015

Technical Analysis Feb 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming ascending triangle pattern.

Will it breakout ascending triangle resistance?

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

Immediate resistance @ upper level of ascending triangle.
Subsequent resistance @ RM2.37 level.

Immediate support @ RM2.20 level.
Subsequent support @ RM2.15 level.

Let's watch closely ...

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