Sunday, July 31, 2011

Technical Analysis July 2011: MRCB (1651)


MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

MRCB already break through RM2.35 strong resistant.

How high will it go?

If you refer June 2011 analysis approach, estimate profit target @ RM2.49

If retrace down, RM2.35 would be current strong support level.

Subsequent support at RM2.25 level.

Let watch closely...



Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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