Monday, August 17, 2020

Technical Analysis Aug 2020: SUPERMX (7106)


SUPERMAX CORPORATION BERHAD 

Observation From Chart:- 

SUPERMX (7106) retrace down from RM24.44 high. 

Will it consolidate sideway between RM15.60 to RM19.47 ? 

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

Immediate resistance @ RM19.47 level. 
Subsequent resistance @ RM24.44 level. 

Immediate support @ RM15.60 level. 
Subsequent support @ RM14.50 level. 

Let's watch closely

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