MBM's firm rally is likely to resume after it printed an all-time high close yesterday. A position can be initiated above RM3.80, or otherwise above RM4.00. A close below the recent low of RM3.70 can be employed as a stop-loss. The price target is RM4.50, though selling is also anticipated at RM4.10. Failure to break RM4.00 could see it lower and the stock may correct on a close below RM3.70. Supports are at RM3.40 and RM3.25.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....