Saturday, October 22, 2016

Technical Analysis Oct 2016: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming bolinger band squeeze

When will it break out?

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

Immediate resistance @ RM2.30 level.
Subsequent resistance @ RM2.40 level.

Immediate support @ MA20 which is RM2.20 level.
Subsequent support @ RM2.04 level.

Let's watch closely
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