Monday, July 27, 2015

Technical Analysis July 2015: SUPERMX (7106)


Observation From Chart:-

SUPERMX retest RM2.18 resistance level again.

How about this round, will it breakout?

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

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

Immediate support @ MA20 which is around RM2.08 level.
Subsequent support @ MA50 /MA100, which is around RM2.05 level.

USD appreciation might boost the earning of glove sector as we can see the glove sector peer such as TOPGLOV, KOSSAN & HARTA been kick off their bull run.

Let's watch closely ...


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