Sunday, November 1, 2015

Technical Analysis Nov 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming flag pattern?.

Will it breakout the resistance?

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

Immediate resistance @ descending triangle level.
Subsequent resistance @ RM2.35 level.

Immediate support @ RM2.20 level.
Subsequent support @ RM2.13 level.

Let's watch closely for breakout...

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