Agreed @LilyLL that the price will trend upwards.It is ALL in the Technical Price Charts. The charts show:
1.The price is biased towards an uptrend; 2.The ACD=Signal Line+Histogram show moderate momentum for price support; 3.The Realtive Strength Index(RSI) price chart signalled buying.last week the volumes transacted were high. Expect the price to be supported above 0935.
MBSB + AFB = new Islamic Bank in town in the making .... one of three stand alone listed Islamic Bank for Syariah Funds to invest in. BIMB, Bank Muamalat (via DRB-Hicom) and now potentially MBSB + AFB.
One of the biggest holders of the stock is Tan Sri Chua Ma Yu.He made his mark in the corporate world during RHB Securities Bhd. + RHB days.This corporate honcho is the white knight that rescued the company from the financial straits by injecting his money and subscribed to the two right issues recently.Believe the powers-that-be has the confidence on him to resuscitate the company.
Next with the on-going proposed Mergers and Takeovers with AFB( if successful this round) will provide the impetus for the price surge.Bank Negara had given both parties to conclude the proposed mergers.Look like things are moving positively.There is a price lead before the announcement of the outcome.We keep our fingers crossed.
Try to look at the price charts.They looked positive for the uptrend to continue. Good luck.Just some information to share.
Yes,the chances for a breakout as from the price charts is very high.More probably if the breakout happened the uptrend will be intact for quite some times.Good luck:-)))
Huhuhu...it is all in the Technical Price Charts.The chart records whatever stock transactions on real-time.Very useful guide to guide the buyers(public) whether to Buy,Sell,Collect or Avoid altogether.
This share used to borrow money from shareholder often and used to losing money almost bankrupt..Anyway got back up by major share holder EPF ..the main interesting is bank license . Anyway after try twice fail twice , this is 3 try by buy AFB..Don know will fail or success. This opportunity at least mr chua ma yu had bet and buy few million lot..I think he bought at rm 0.7 to rm 0.75..for long term this share is good..short term u all decide ..make sure got bullet if play contra..volume too high without news , what make the small fish excited if u all buy above rm 0.95 .If didn't break rm 1..calm down and think worth it , if yes , buy more .If dunno, just follow ppl, then it almost u go to gent ing bet same
First get banking lesen through merge /takeovet AFB...then may be merge with another indon islamic bank...mbsb definitly become a new brand with banking entity
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....
gcke
1,359 posts
Posted by gcke > 2017-01-08 10:35 | Report Abuse
Agreed @LilyLL that the price will trend upwards.It is ALL in the Technical Price Charts.
The charts show:
1.The price is biased towards an uptrend;
2.The ACD=Signal Line+Histogram show moderate momentum for price support;
3.The Realtive Strength Index(RSI) price chart signalled buying.last week the volumes transacted were high.
Expect the price to be supported above 0935.
View the chart: http://www.malaysiastock.biz/Stock-Chart.aspx?securitycode=1171
Just to share.
Good luck.