Recall that we placed a Trading Buy call on MAYBULK back in 21st January 2015, after the share price broke out from its long-term resistance level on strong buying momentum. However, the share price failed to perform, consolidating post the breakout. Coupled with the below average trading volume, key indicators are posting a neutral picture suggesting the lackluster interest on this stock. As the share price failed to rally further while hitting our stop-loss level of RM1.31, we are taking this opportunity to exit our position.

Source: Kenanga