completely loss steam............ probably due to profit taking for those that have been feeling too frustrated for such a long time waiting for this counter to explode
If you are not played contra.... MRCB is good for mid term investement. That is why i still picked up some even it was higher than my previous collected price.
i believe we should see it heading towards 1.78 - 1.80 by end of this week since today's low @ 1.68 had closed the gap that it created when it initially opened high.
Tcehnically, MRCB facing strong resistance at around 1.80...This level was the neckline for reverse double head and shoulder. It will need to test few more times to breakthrough. Once this level is take off, price will rocket up to test few years high of 2.65. However, when come to 2015, MRCB likely to hit above 3 or even 4. Many FA stock behave like that when breakout from bottom with solid fundamentak support price will 1st climb up slowly but when come to middle or last phase price will accelerate and faster. U can c what happen to KSL, Tambun, Gadang, Guocoland etc..MRCB about to enter the middle phase of uptrend...
today no volume, maybe yesterday too much company reliese quater report, investors not focus on this counter... hope the volume will come in in following days.
Monday extraordinary volume might indicates plenty of margin or contra players. Tomorrow T3. Lets get through the rough ride. After that hopefully will surge.
LTH is silently collecting. They know contra palyers will be dissappointed & sell b4 T3. After eliminating contra players most probably will see some actions, I guess.
Any development in MX-1, give some preference to shareholders or allotment for shareholders, project can easily sell and at the mean time share price will move forward.
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....
bmwm5
261 posts
Posted by bmwm5 > 2014-08-24 16:55 | Report Abuse
This counter coming up strong, any big gun inside the company?