SUPERMX has been making higher high and is a good sign that the uptrend will continue. medium term stock, trend following until reversal. Nearest target T1 (along greenline). Support at S1 (along redline), which if broken, signifies potential trend change.
Short to Medium term.
Laburlah Technical Coverage (14-MAY, Monday):
SUPERMX
Technical Analysis Breakdown
1. Chart pattern: Double top formed
2. RSI & Stochastic: Sloping downward
3. MACD: Weakened bull
4. Resistance level: 2.98
5. Support level: 2.85
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own...
Laburlah's Daily Complimentary (03-APR, Tuesday):
SUPERMX
Technical Analysis Breakdown
1. Trend: Bearish
2. RSI & Stochastic: Bearish
3. Next support: 2.31
4. Selling pressure: Growing
5. Remarks: Crucial support @ MA50 breached
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own...
