Sunday, October 25, 2015

Technical Analysis Oct 2015: MRCB (1651)

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.

0 comments:

Post a Comment