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

Technical Analysis Mar 2020: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX consolidate sideway.

Will it breakout & go higher?

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

Immediate resistance @ RM1.87 level.
Subsequent resistance @ RM2.00 level.

Immediate support @ RM1.66 level.
Subsequent support @ RM1.55 level.

Let's watch closely

Technical Analysis Mar 2018: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:- 

SUPERMX retest RM2.70 resistance level.

Will it breakout & go higher?

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

Immediate resistance @ RM2.70 level.
Subsequent resistance @ RM2.85 level.

Immediate support @ RM2.46 level.
Subsequent support @ RM2.11 level.

Let's watch closely

Technical Analysis Jun 2017: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX succeed breakout downtrend line & consolidate sideway.

How high will it go?

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

Immediate resistance @ RM2.11 level.
Subsequent resistance @ RM2.16 level.

Immediate support @ RM1.99 level.
Subsequent support @ RM1.90 level.

Let's watch closely

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
.

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.

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.

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

...

Technical Analysis Jan 2016: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming ascending triangle pattern..

Will it breakout the resistance?

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

Immediate resistance @ RM3.47 level.
Subsequent resistance @ RM3.50 level.

Immediate support @ ascending triangle support level.
Subsequent support @ RM3.12 level.

Let's watch closely for breakout...

Technical Analysis Nov 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming flag pattern?.

Will it breakout the resistance?

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

Immediate resistance @ descending triangle level.
Subsequent resistance @ RM2.35 level.

Immediate support @ RM2.20 level.
Subsequent support @ RM2.13 level.

Let's watch closely for breakout...

Technical Analysis July 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX retest RM2.18 resistance level again.

How about this round, will it breakout?

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

Immediate resistance @ RM2.18 level.
Subsequent resistance @ RM2.28 level.

Immediate support @ MA20 which is around RM2.08 level.
Subsequent support @ MA50 /MA100, which is around RM2.05 level.

USD appreciation might boost the earning of glove sector as we can see the glove sector peer such as TOPGLOV, KOSSAN & HARTA been kick off their bull run.

Let's watch closely ...

Technical Analysis Apr 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming bolinger band squeeze within RM1.98 & RM2.18 level.

Will it breakout bolinger band squeeze?

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

Immediate resistance @ RM2.18 level.
Subsequent resistance @ RM2.28 level.

Immediate support @ MA20/ MA50 level, which is around RM2.11.
Subsequent support @ RM2.00 psychology support level.

Let's watch closely ...

Technical Analysis Feb 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming ascending triangle pattern.

Will it breakout ascending triangle resistance?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ upper level of ascending triangle.
Subsequent resistance @ RM2.37 level.

Immediate support @ RM2.20 level.
Subsequent support @ RM2.15 level.

Let's watch closely ...

Technical Analysis Dec 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming double bottom @ RM2.01 level ?

Will it breakout descending triangle resistance?

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

Immediate resistance @ RM2.15 level.
Subsequent resistance @ RM2.17 level.

Immediate support @ RM2.01 level.
Subsequent support @ RM1.89 level.

How do you think on USD impact glove sector?
http://globalrubbermarkets.com/6397/malaysia-rubber-gloves-gain-on-weakening-ringgit.html
http://www.theedgemarkets.com/en/node/172663

Let's watch closely ...

Technical Analysis Nov 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX have been retrace down 16.5%...

Will it rebound @ psychology support level, RM2.00 ?

Other indicator:-
MACD moving toward negaive region, downtrend sign.
Stochastic %K at oversold stage

Immediate resistance @ RM2.06 level. 
Subsequent resistance @ RM2.16 level.

Immediate support @ RM2.00 level.
Subsequent support @ RM1.82 level.

Let's watch closely for technical rebound ...

Technical Analysis Oct 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMX succeed breakout bolinger band squeeze...

How high will it go?

Other indicator:-
MACD trade positive region, uptrend sign.
Stochastic %K at BUY call itinerary.

Immediate resistance @ RM2.42 level.
Subsequent resistance @ RM2.48 level, which is MA200.

Immediate support @ RM2.27 level.
Subsequent support @ MA20/ MA50 level.

Enterovirus & EBOLA theme might boost up glove sector bull run. Source: http://news.yahoo.com/four-old-us-child-dies-enterovirus-d68-213411596.html

http://www.nydailynews.com/life-style/health/american-ebola-patient-lands-nebraska-treatment-dallas-patient-fights-life-article-1.1964650

Let's watch closely ...

Technical Analysis Sept 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX rebound from MA20/ MA50 support level. 

Will it breakout MA100 resistance level?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K at BUY call itinerary.

Immediate resistance @ MA100 level.
Subsequent resistance @ RM2.42 level.

Immediate support @ MA20/MA50 level.
Subsequent support @ RM2.17 level.

Enterovirus & EBOLA theme might boost up glove sector bull run.

Source:
http://www.cnn.com/2014/09/09/health/enterovirus-clusters/ http://www.washingtonpost.com/news/to-your-health/wp/2014/09/10/this-is-how-people-are-being-warned-about-the-ebola-epidemic-in-west-africa/

 Let's watch closely ...

Technical Analysis Aug 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX succeed breakout MA50 resistance & retest MA100 resistance level.

Will it breakout MA100 resistance level?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K at BUY call itinerary.

Immediate resistance @ MA100 level.
Subsequent resistance @ MA200 level.

Immediate support @ MA50 level.
Subsequent support @ MA20 level.

EBOLA theme might boost up glove sector bull run.
Source:
http://online.wsj.com/articles/sierra-leone-leader-calls-in-army-to-quarantine-ebola-stricken-neighborhoods-1406804513

Let's watch closely ...

Technical Analysis May 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX rebound from RM2.27 support level.

How high will it go rebound?

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

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.

Immediate support @ RM2.27 level.
Subsequent support @ RM2.20 level.

Let watch closely ...

Technical Analysis Mar 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:- 

SUPERMX break the MA100 support level...

How low will it go?

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

Immediate resistance @ MA100 level.
Subsequent resistance @ RM2.80 level.

Immediate support @ RM2.62 level
Subsequent support @ MA200 level, which is around RM2.50.

Let watch closely for technical rebound.