KUALA LUMPUR (Aug 9): AllianceDBS Research said Malaysian Resources Corp Bhd (MRCB) had on Aug 8 gapped up to cross over the 83.5 sen hurdle.
In its evening edition Wednesday, the research house said the stock subsequently reached an intraday high of 84 sen before closing near the day’s high at 83.5 sen (up 4 sen or 5.03%).
It said MRCB continued to trade above the 20-day (blue) and 50-day (red) moving average lines.
“The upside gap indicated the urgency to establish stock position.
“Following the up close on Aug 8, the stock is likely to move higher again with immediate hurdle at 83.5 sen.
“A crossover of 83.5 sen again should see further price rise to the next overhead resistance zone, 88 sen – 95 sen.
“The support is pegged at 80.5 sen. A fall below 80.5 sen would put pressure on the stock down to the subsequent support at 75.5 sen,” it said.
AllianceDBS Research said stock volume traded on Aug 8 was 123.9 million shares compared to the 3-month average volume of 35.8 million shares.
The market is made by the demand and supply of stocks with prices. The prices are made by the market with the projection that the price of the stock is worthy the % value in the terms. Why price of the MRCB need to be chartered by the technical analysis? There is no need to feel the 1-2 cents lesser price u get from buying MCRB now will give u 1-2 cents of profit. Buy higher and sell higher.
Yesterday, MRCB made a new 84 cents. Don't lose the steam please. Buy while it's not too late. Next stop shall be 87. Lets' break it!
Penang Sentral not belong to MRCB? Why 11 year project still cannot complete? Is it lousy as contractor? Why BN award so many projects? Corruption kah?
now price kasi pilling cukup2, critical zone line now....mrcb will show soon to break a broken line rm0.88... when everything ok,kaboom lor...hope mrcb still strong now and need tsunami buyer... just same pattern uems now....very2 interesting
My foreign fund manager friend told me, they can’t everyday work at night while Malaysia here is daytime... give them another few days of rest they will push it again!!! See ya next time buddy!
Ahza Adhwa Zulkepli - I also sell buy for many times already :) haha..opportunity is there..hehe..0,90 coming..tomorrow or next week..I'm holding mine after reenter
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....
aloha
267 posts
Posted by aloha > 2018-08-09 07:10 | Report Abuse
http://www.klsescreener.com/v2/news/view/415676