Friday, August 23, 2013

Technical Analysis Aug 2013: MNRB (6459)

MNRB HOLDINGS BHD

Observation from Chart:-

MNRB retrace down from RM3.85 high & retest MA50 support level.

Will it rebound?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM3.85

Immediate support @ MA50 level.
Subsequent support @ MA10

Let's watch closely for rebound opportunity.

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