Thursday, June 5, 2014

Technical Analysis June 2014: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD 

Observation from Chart: 

MRCB succeed breakout RM1.65 resistance?

How high will it go?

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

Immediate resistance @ RM1.80 level.
Subsequent resistance @ RM1.90 level.

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

Let's watch closely.

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