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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).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3611 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....