MRCB weekly iVSAChart formed a “V” shape transition with 2 bar reversal in the early of September. Smart money subsequently mark up the price after removes all the supply in the end of August and volume started to move higher.

Smart money successfully removed the weak hand holders during sell off in July and August. This allowed smart money able to accumulate at lower price before mark up and distribute at higher price.

Last 2 weeks, we notice some profit taking activities which resulting price closed lower however smart money supported MRCB well at RM1.10. iVSAChart Trend Region also indicate that MRCB is in the bullish region as the horizontal line turned green. MRCB need to test and break short-term trend to continue rally at RM1.24.