Sunday, January 24, 2016

Technical Analysis Jan 2016: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming ascending triangle pattern..

Will it breakout the resistance?

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

Immediate resistance @ RM3.47 level.
Subsequent resistance @ RM3.50 level.

Immediate support @ ascending triangle support level.
Subsequent support @ RM3.12 level.

Let's watch closely for breakout...

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