There are many factors quequeing to push the price up in near term,such as free warrants,development of RRI(rubber research institute land,MRT2 and new government projects... Just accumulate and wait for the news.
this company share price will remain in this trend or even worst if it continues to drag by the court case with PKNS matter... as long as no mutual agreement between PKNS and NGD/MRCB to settle PJSD case, the sahre price will be like "dead fish".... political issue has been involved as well....
MRCB should go higher in few days time cause usually if nothing happen, mother share will be the only one tat move, today so many warrants price moved, and moved so high.... although i dont see any news yet on what drive the share up, but something is hidden, maybe announcement on MRT2 or EDL project in Johor coming soon. Many starts accumulate the shares now waiting for the even bigger explosion.
Mattew Chew: currently it show RM 1.72 but sometimes if big news come up, anytime the share price can exceed this level. if no big news, usually the price stuck below RM 1.72. However, the maximum price the share can go is showing uptrend curve now. In simple term, the share is heading towards bullish direction for now.
KUALA LUMPUR: The Selangor State Development Corp (PKNS) has withdrawn its injunction against Malaysian Resources Corp Bhd (MRCB) relating to the sale of PJ Sentral by Nusa Gapurna Sdn Bhd to MRCB.
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....
cheeseburger
2,802 posts
Posted by cheeseburger > 2013-07-04 21:08 | Report Abuse
MACD (12,26) crossed...hope is a up trend sign