MALAYSIAN RESOURCES CORP BHD
Observation from Chart:
MRCB retrace down from overshoot uptrend resistance level.
Will it retest uptrend support level?
Other indicator:
MACD trade @ positive region, uptrend itinerary
Stochastic %K pending trigger BUY call.
Immediate resistance @ RM1.68 level.
Subsequent resistance @ RM1.77 level.
Immediate support @ RM1.54 level.
Subsequent support @ RM1.50 level.
High possibility will retrace down retest support level before next wave.
Let's watch closely.
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