MALAYSIAN RESOURCES CORP BHD
Observation from Chart:
MRCB forming descending triangle pattern
Will it retest RM1.78 resistance level?
Other indicator:
MACD trade @ negative region, downtrend itinerary
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM1.52 level.
Subsequent resistance @ RM1.66 level.
If the rebound strong enough, potential will retest RM1.78 resistance level.
Immediate support @ RM1.35 level.
Subsequent support @ RM1.28 level.
Let's watch closely.
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