Google Ad Choice

Tuesday, October 11, 2011

Supermax is it on discount price..



Will the lower profit from Top Glove will impact SuperMax performance too. Let look at the chart and analyze it

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher high  - (Bullish)
3) MACD -Bullish because blue above the red (Bullish). Awaiting for 4R1G for extra boost
4) RSI -  Cut below 70% (Bearish) -
5) Sto - Formed Bearish Crossover and hovering above 50% (Bearish)
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -Inverted Hammer (Bullish)
8 Volume Distribution - Higher Buying Pressure ( Bullish)



 













2Points







      6 Points






Winner BULL

Entry Price 2.97
Resistance at 3.23 and 3.5
Support a 2.71


2 comments:

  1. Guanchg will trend higher if can close above 2.33 200 mov avaerage..Volume has start picking up since yesterday..mostlikely guachg RESISTANCE will be 2.55-2.63 level. SPSETIA_WB STILL IN MY MIND

    ReplyDelete
  2. True, i miss this counter Guanchg which went up pretty good this few days

    ReplyDelete

NUFFNANG ADS