Sunday, March 27, 2016

Technical Analysis Mar 2016: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX retrace down from RM3.50 peak.

Will it rebound @ RM2.48 support level?

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

Immediate resistance @ RM2.76 level.
Subsequent resistance @ RM2.90 level.

Immediate support @ RM2.48 level.
Subsequent support @ RM2.40 level.

Let's watch closely for rebound opportunity.

0 comments:

Post a Comment