Sunday, April 13, 2014

Technical Analysis Apr 2014: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD 

Observation from Chart:

MRCB forming ascending triangle pattern.
Will it breakout RM1.65 resistance?

Other indicator:
MACD trade at positive region, uptrend itinerary
Stochastic %K no BUY call yet..

Immediate resistance @ RM1.65 level.
Subsequent resistance @ RM1.80 level.

Immediate support @ MA20 level.
Subsequent support @ MA50 level.

Let's watch closely.

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