Sunday, April 26, 2015

Technical Analysis Apr 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming bolinger band squeeze within RM1.98 & RM2.18 level.

Will it breakout bolinger band squeeze?

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

Immediate resistance @ RM2.18 level.
Subsequent resistance @ RM2.28 level.

Immediate support @ MA20/ MA50 level, which is around RM2.11.
Subsequent support @ RM2.00 psychology support level.


Let's watch closely ...

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