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Wednesday, October 12, 2011

Supermax update on Oct 12

The Mother of all Glove ( Topglove have rebound beautifully and let hope Supermax will follow them)

1) Trendline - Uptrend- (Bullish)
2) Formed higher low  - (Bullish)
3) MACD -Bullish because blue above the red (Bullish). Awaiting for 4R1G for extra boost
4) RSI -  Cut above 70% (Bullish) -
5) Sto - Waiting for for Bullish Crossover if white candle again tomorrow (Undetermined)
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -White candle after Inverted Hammer (Bullish)
8 Volume Distribution - Higher Buying Pressure ( Bullish) 


      7 Points

Winner BULL

Entry Price 2.97
Resistance at 3.23 and 3.5
Support a 2.71

1 comment:

  1. Time for timber strocks to move up.Lingui, wtk , taann, the main catalyst is CHINA JAPAN which is among the largest importer of timber source is source is timber from Mekong region(thailand,cambodia,myanmar,laos,vietnam) Why will it benefit Malaysian timber company then..Because of FLOODS..try to buy on dip at these lingui,wtk,taann