SUPERMX trade ideas
SUPERMAX LONGGoing long on supermax !
1hr chart we could see a strong support at 9.60
on 7th we will see if we can sustain above 9.60 to ensure the continuation of the uptrend,
Major resistance on Rm11 - Breakout at 11 will be the next high for supermax
Major support Rm8
Supermax is still in a strong Bull trend, Correction is completed.
BEARISH ABCD & ASCENDING TRIANGLEPrice berada didalam chart pattern ascending triangle menunjukkan harga boleh bermain keatas. Sebelum pecah dan semakin menaik lagi.
Terdapat pattern bearish ABCD menunjukkan harga boleh menuju ke 24.87 sebelum reverse semula kebawah.
Tayor...
Supermx flag breakout?? 28/8/2020Flag breakout spotted. Not really a strong breakout, need to observe the sentiment on next Tuesday. Nevertheless, I don't think it's a false breakout. Likely to test it's previous high
SUPERMX - reboundMonday it reached 15.90. It was getting closer to lower BB but then buyers push the price back to 17 and finally closed at 16.70.
The stoch at oversold level and deviation of fast slow line getting smaller.
Might indicate potential rebound, but confirmation will come from Tuesday's candle.
Supermx 15/8/2020Elliot wave theory:
Wave 4 should end in the coming week as 'super investors' like KYY have starting accumulating around the current price. Investors that failed to sell at the peak of wave 3 must ensure that they sell at the peak of wave 5 and buy back at correction
SUPERMX 14/8/2020One of the superstars in the healthcare rally in recent months has shown some major weaknesses these few days. Today it came down hard, rebounded from its support line RM18 back on to its uptrend line (a weak one). From the indicators, it seems that retail sell down was behind the major correction (which is a good sign in my opinion). Should Supermx regain some upward momentum and climb a few bids upwards, it will be a good entry because the reward is greater than the risk at the moment, barring any major news that may negatively impact the sentiment.
EP: RM18-18.5
TP: RM22- RM24
CL: RM16.5
Supermx, Sorry Sir! Superman need to rest for 2 weeksDont be sad, Superman will be back after 2 weeks.
But before that, please help me. Dont let the price fall below RM17 and RM15. Or else he will get angry and never come back again.
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SUPERMX Short TermAs of 12th Aug, lowest price of the day was 18.08. If price can maintain above this today, and closing price is higher than opening (19.50), there could be technical rebound to Fibonacci level at 50 - 61.8%. TAYOR
SUPERMAX 12/8/2020Heavy profit taking ever since the release of their latest QR. This type of correction is not uncommon and nothing much to worry about..... for long term investors in my opinion. At the moment, it is still largely on an uptrend...If history will repeat itself, we should see a sustained period of sideways price movement before going up any higher.
SUPERMX - Fibonacci OnlyPlease consider your own interpretation of Opportunity & Risk:
Green Arrow (Transparency = 0) = Representing Upside
Red Arrow (Transparency = 0) = Representing Downside
Green Arrow (Transparency = 30%) = Representing Alternate Price Path, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Alternate Price Path, or less probable outcomes
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DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment advises to any parties. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
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