Second candle affirmed its foothold above Fibo Extension 61.8%, meaning the technical rebound still consist of strength to continue, shall see a break above the descending trendline (refer to chart) before it starts to soften.
Monday 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.
Highest price so far is RM24.44.
1. On-going Covid19 battle the world is facing at
2. Superb quarterly report today (woah.. EPS RM30.58 vs RM1.15 same period previously, you never want to sell SUPERMX)
3. 1:1 bonus in September
will we see tomorrow RM25?
The price has been testing RM17 support for few days since Monday, but it looks like a very strong support for this week.
Covid19 threat has been giving indication that it might hit our country for the second time (no thanks to stubborn Malaysian who did not follow SOP & foreigners for bringing Covid19 to our country).
Outside Malaysia, (US, Australia,...
Yesterday MYX:SUPERMX as expected by many, getting higher and closed at 15.98.
With Covid19 is still prime concern (eventhough many Malaysians think we are safe), there is no sign to show that why we should stop buying SUPERMX.
Some target price by analyst:
9/7/2020 Affin Hwang Capital - Target 13.90
7/7/2020 Kenanga - Target 14.00
both target already...
SUPERMX 1 Hour Chart:
Support : 10.88 , 13.04
Higher average volume than mid-end June
Momentum mostly remained on positive side since 29-Jun
Currently it is above support uptrend line 1 with level support at around 13.
At least hold on 13 to maintain the current uptrend and resistance can't be measured (keep breaking new high, no meaning...