Monday, February 24, 2014

Technical Analysis Feb 2014: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

MRCB forming ascending triangle pattern.

Will it breakout the resistance?

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

Immediate resistance @ RM1.58 level.
Subsequent resistance @ RM1.65 level.

Immediate support @ MA20 level.
Subsequent support @ MA200 level.
Q4 result will be announce next few days.

Let's watch closely.

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