Sunday, November 20, 2011

Technical Analysis Nov 2011: MRCB (1651)


MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

18 Nov 2011, MRCB have been break down ascending triangle support level.

How low will it go?

Other indicator:
MACD still at positive region, uptrend itinerary
Stochastic %K still at SELL call.

Strong support @ RM1.95
Subsequent support MA50 level.

If rebound, it might retest MA100 & RM2.10 resistance.

Let watch closely.

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