Fool Trader KLSE Research
Stock Overview - MRCB - 25 Apr 2012
MRCB ( 1651 : 1.70 ) : Accumulate/Stop loss 1.56
Description
Resistance : 2.03
Support : 1.62
RSI of 28
RSI is oversold
STOCHASTIC
It is oversold
TREND INDICATOR
Comment
It is attractive as it has corrected 75%, from the recent high of 2.27. And the oversold technicals indicate a
limited downside. At the current level, it is worth to accumulate
Trading Strategy
Buy. Stop loss is at 1.56
Source:Jupiter Securities Research 25 April 2012
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