MALAYSIAN RESOURCES CORP BHD
Observation from Chart:
MRCB forming hgher high & higher low.
How high will it go?
Other indicator:
MACD trade @ positive region, uptrend itinerary
Stochastic %K on SELL call itinerary.
Immediate resistance @ RM1.30 level.
Subsequent resistance @ RM1.35 level.
Immediate support @ MA200 which is around RM1.20 level.
Subsequent support @ RM1.14 level.
High possibility will retrace down retest support level before next wave.
Let's watch closely.
Sunday, October 25, 2015
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