Monday, October 15, 2012

Technical Analysis Oct 2012: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

MRCB retest MA50 resistance level.

Will it break through?

Other indicator:
MACD trade at negative region, downtrend itinerary
Stochastic %K trigger BUY call.

Immediate support @ MA20 level.
Subsequent support @ RM1.54

If succeed break through, MA100 would be subsequent resistance, which is around RM1.70 level.

Let's watch closely.

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