Malaysian Resources Corporation Bhd (1651) 

• MRCB closed 2 sen or 2.3% higher to RM0.905 yesterday.
• Yesterday's move sent the price to its year-to-date high accompanied by recent resistance breakout and higher-than-average trading volume. Buying interest remains strong evidenced by the share price closing above its upward sloping 21-day simple moving average.
• Should the rally persist, we expect the next resistance level at RM0.975 (R1) and further to RM1.03 (R2).
• Likewise, support levels can be found at RM0.855 (S1) and RM0.845 (S2).

Source: Rakuten Research - 2 Apr 2019