huat8888

Technical Strongl Buy : SUPERMX (7106)

icn88
Publish date: Thu, 05 Jan 2017, 08:53 PM
icn88
0 32
Following Message

  • Target Price : RM2.36
  • Last closing price : RM2.14
  • Potential return : 10.2%
  • Support : RM2.09
  • Stop Loss : RM2.07

Reversal play. Recent downtrend is easing up and SUPERMX’s share price is supported around RM2.09 for the past few trading days. RSI is pointing upward and MACD is poised for formation of golden crossover, signifying possible improvement in momentum and trend. Should RM2.25 resistance level be broken, it may continue to lift the price higher to the next resistance level of RM2.36. However, failure to hold at support level of RM2.09 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 Dec 2016

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Discussions
Be the first to like this. Showing 2 of 2 comments

firehawk

due for next peak ...

2017-01-06 00:24

Bruce88

Is 10% gain justify strong buy ?

2017-01-06 22:24

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