Tuesday, June 21, 2016

Technical Analysis June 2016: SUPERMX (7106)


SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming lower high & lower low.

How low will it go? Will it be technical rebound @ RM2.00 psychology level ? 

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

Immediate resistance @ RM2.29 level.
Subsequent resistance @ RM2.39 level.

Immediate support @ RM2.10 level.
Subsequent support @ RM2.00 psychology level.

Let's watch closely for technical rebound opportunity.

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