Wednesday, March 9, 2016

Super Group

Super Group - 9th Mar 2016

Super Group after hitting the low of 69 cents on 18th Jan 2016 managed to stage a strong rebound and head higher to touch $1.08 on 3rd Mar 2016. This is very positive.

The current price of $1.02 is hovering above the 14SMA & 25SMA which is generally rather bullish.

Also both Macd & Rsi are still trending upwards which may provide further catalyst that the share price may continue to head higher.

Looks like it may move up to re-visit $1.08 soon. Breaking out of $1.08 with good volume that may propel to drive the share price higher towards $1.135 with extension to $1.20.
(trade base on your own decision)

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