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SUPERMX trade ideas

Supermax, your show or IB show tomorrow?To be honest, i really dont like glove counter. But i cant stop that bull. Can 30 be the real? It need to break the 24 first. If you like my chart analysis, please like, follow me and share it to your friend. :) If you have any stock to analysis, feel free to text me. I will try my best to help. Disclaimer: Every stock analysis are purely for educational/ informational support only. It is not for buy or sell call purpose. Everyone are responsible at your own trades.
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by JeremyTee_ws
SUPERMX - Potential Bullish Engulfing From Key Support LevelOpportunity and Risk DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. 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. PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
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by DrArifMokhtar
SUPERMX - should we expect big bull next week?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, Philippines, etc) it did not get any better. Eventhough MACD line looks like a crossdown will happen (this will confirm downtrend), but it can still deviate given heavy buy on Monday. OBV still looking good, big investors still there. Careplus declared big profit, the same or better is expected from Supermx.
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by aimit
SuperMax- Malaysia Share marketEveryone in Malaysia is so hyped out about this stock where it appreciated so much. so what is going to happen is that those who think they have missed the opportunity will be buying at the highest price. these traders are called FOMO traders ( Fear of Missing Out). Those who accumulated the stock at the lower price will be selling their stock to these FOMO traders at the highest price. Price will eventually come down impulsively and attract more real buyers to bring the price higher.
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by Haarshy-2ndlevelhunter
2
MYX:Supermax may form Double TopSupermax may rebound and form a Double Top. The short stint drop down on 14 July was not supposed to be a surprised for Suoermax since it almost hit its highest targeted TP ie:around RM18 . List of Supermax official Target TP can be seen here klse.i3investor.com Though one may pointed out it actually a regional fund manager doing profit taking as it also affecting other glove counters in Malaysia and outside regionally. So moving fwd Supermax may rebound a bit more than the last high dragging up all other 2nd liners to form their new high. Probably above rm 18 to instill confidence on 2nd liners running up. It is crucial here to get announcement of a new higher target TP from Analyst without which the price will then drop down together for a major retracement much lower to touch the middle Bollinger band at MA20. Consolidating while waiting for a new revised higher official target TP from analyst for the price to move upwards. This is due to the fact Institutions will need those kind of official announcement internally or externally in order to warrant them to invest in the targeted counter It may not happen that way and Supermax may continue Breakout the previous high with some other good news coming in. Nevertheless it is better safe than sorry. Good luck and trade a your own risk.
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by cryptoreez
1
SUPERMX - how high is high?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 surpassed. Latest Malaysian top investor Mr KYY make some comment with new TP of RM24.20 (he said this target is easily achievable). Read here: klse.i3investor.com So just enjoy the ride for the moment & don't forget to smile :)
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by aimit
2
SUPERMX Hourly Chart Analysis on 12 July 2020SUPERMX 1 Hour Chart: 7/12/2020 Support : 10.88 , 13.04 Resistance : 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 to estimate resistance) You can send a private message or leave a comment if you are interested with the indicators shown. MYX:SUPERMX
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by ddddcplxx
1
SUPERMX Hourly Chart Analysis on 29 June 2020SUPERMX 1 Hour Chart: 6/29/2020 Support : 5.97, 6.75 Resistance : 7.70 , 8.05 It is absolutely a spectacular day for Glove counters today with a big candle cover up most of previous 2 weeks movement. SUPERMX hit and rebound from the previously-mentioned support level of 6.75 to 8.75 with most contribution on 2nd session. The momentum turned positive on 10am onward and followed with the breakout of both downtrend resistance lines which make the open price of last hour candle(around 7.5) can be set as short-term support for SUPERMX to retest 8.05 within days. You are free to join our public discussion channel to obtain valuable information with the following link show at below. And also we only left with 1 promotion seat to be fill before 30-June. For further details please PM with admins inside the group. The details of momentum indicator will be announced soon, but you can private message this account to receive notification as soon as possible. MYX:SUPERMX
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by ddddcplxx
SUPERMAX 21/6/2020*21st June Technical Idea* SUPERMAX CORPORATION (Stock code: 7106) After few day strong sell down, we see that supermax may found it base with engulfing chart pattern, long bias but we are more confidence that when supermax able break 7.590 level then to challenge next high at 8.460 level, entry confirmation This is a limit idea to wait opportunity come then participate the market with the momentum. *Risk: High Risk* *TP1: RM8.460* *TP2: RM9.295* *SL1: RM6.480* *SL2: RM5.250* *Risk Return Ratio:0.88x* Strategy: 1)Glove counter is hot but expensive valuation. Is ok for high risk trader to take the opportunity. 2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain. ** we will not have any strategy strategy on structure warrant.
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by Tychesky88