AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 20 Mar 2019, 10:30 AM


Stocks on Radar - Malaysian Resources Corporation (1651)

Author:   |    Publish date:

Malaysian Resources Corporation was testing the RM0.69 level in its latest session. With a neutral RSI level, it may move higher above this mark with a target price of RM0.765, followed by RM0.81. Meanwhile, it may continue to drift sideways if it fails to cross the RM0.69 mark in the near term. In this case, support is anticipated at RM0.63, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.69

Target: RM0.765, RM0.81 (time frame: 3-6 weeks)

Exit: RM0.63

Source: AmInvest Research - 16 Jan 2019

Share this
Labels: MRCB

Related Stocks

Chart Stock Name Last Change Volume 
MRCB 0.81 +0.005 (0.62%) 3,828,900 

  Be the first to like this.


375  307  524  681 

Top 10 Active Counters
 SAPNRG 0.34-0.005 
 JAG 0.055+0.005 
 PERDANA 0.43+0.04 
 HSI-C5D 0.40-0.035 
 DAYANG 1.41+0.03 
 TALAMT 0.040.00 
 FGV 1.23+0.11 
 HSI-C3V 0.10-0.04 
 DESTINI 0.325-0.02 
 APFT 0.020.00 
Partners & Brokers