Friday, February 12, 2016

Technical Analysis Feb 2016: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX retrace down from RM3.50 peak.

Will it rebound @ MA100 level?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K @ oversold, pending BUY call.

Immediate resistance @ RM3.00 level.
Subsequent resistance @ RM3.13 around MA100 level.

Immediate support @ RM2.61 level.
Subsequent support @ RM2.35 level.

 Let's watch closely for rebound


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