Posted by Trader9 > 1 month ago | Report Abuse

I missed out something in prior view. So here's an updated. The chard formed a slanted head and shoulder in the beginning of Aug, before it broke down to 0.485. Retested the neckline on around 23 sept and it hit 0.66. A second attempt was made on 17 Oct which hit 0.630 and it fail to break the neckline. So after this it will go down again, which might reach to 0.480 area. This is just my analysis and could be wrong. Anyone can correct me then.

Posted by theyoungman > 1 month ago | Report Abuse

Chart again? 😅

Posted by Trader9 > 1 month ago | Report Abuse

It hit the intraday resistance (which it's also a snr confluence area) 0.59 today as expected. Will see how it goes from now.

Posted by theyoungman > 1 month ago | Report Abuse

Oh Trader9, trade but not investment? Then chart is very important

Posted by Zikir95 > 1 month ago | Report Abuse

Itu sebab nama dia Trader9 😆

Posted by theyoungman > 1 month ago | Report Abuse

@Zikir, oh ya hor, I agree. I've overlooked the importance of a nickname. Thank you. Cheers.

Posted by AmySee > 1 month ago | Report Abuse

Wonder why MRCB suddenly retraces quite much today ...

Posted by theyoungman > 1 month ago | Report Abuse

Was busy and didn't pay attention to price.
Wow, suddenly saw it 0.525 lowest today? What happened?

Posted by Trader9 > 1 month ago | Report Abuse

if it can't hold 0.51, it will probably drop to 0.48 area as expected. Any upside for the time being is mostly retracements unless there's a catalyst that helps it propels upside. There could be retracements before it continue further down. Just my view, which is not entirely correct.

Posted by profit profits > 1 month ago | Report Abuse

hsr not in pocket ?

Posted by theyoungman > 1 month ago | Report Abuse

Nice price. If have fund, can accumulate on dip?

Posted by theyoungman > 1 month ago | Report Abuse

@Profits
HSR is indeed a very investment, siong one, it may not be a good one for mid term, heavy investment, tight tight oh if xcukup cash. If don't get the deal, no harm at all also right?

Posted by Trader9 > 1 month ago | Report Abuse

Resistance at 0.55, 0.59... If can sustain above 0.56 possibly go to 0.59

Posted by theyoungman > 1 month ago | Report Abuse

Oh. Chart tells

Posted by Trader9 > 1 month ago | Report Abuse

yes youngman.

Posted by theyoungman > 1 month ago | Report Abuse

Oh, so good oh, sure huat liao ^^

Posted by harnam > 1 month ago | Report Abuse

sei lor, hancur ini counter...boleh naik meh

Posted by AmySee > 1 month ago | Report Abuse

Wait for its Q3 report and see lor

Posted by prudentinvestor > 1 month ago | Report Abuse

MRCB has now dropped to attractive levels again.

Posted by theyoungman > 1 month ago | Report Abuse

Nice price 0.52

Posted by Trader9 > 1 month ago | Report Abuse

trying to decide the directional bias now.

Posted by Income > 1 month ago | Report Abuse

This one bagus kah?

Posted by prudentinvestor > 1 month ago | Report Abuse

Ada orang main memang baguslah!

Posted by theyoungman > 1 month ago | Report Abuse

Buy on dip loh. Don't contra

Posted by joni > 1 month ago | Report Abuse

Wait can reach 55 then 57

Posted by prudentinvestor > 1 month ago | Report Abuse

MRCB holding up well. Should stay above 50sen. Slowly accumulating on weakness. 🤣🤣

Posted by Trader9 > 1 month ago | Report Abuse

0.5-0.505 could be a nice price. TAYOR.

Posted by AmySee > 4 weeks ago | Report Abuse

I will wait next week to collect, probably after the announcement of its quarterly results

Posted by prudentinvestor > 4 weeks ago | Report Abuse

If it can maintain profit at 1.1 to 1.2sen a share is good enough for me.

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Most investment banks are positive about this counter.

Posted by Trader9 > 3 weeks ago | Report Abuse

hit and retested the 0.505 support area last friday as expected. still okay at the moment. lack of momentum.

Posted by theyoungman > 3 weeks ago | Report Abuse

@Pru, you are here. Ya, it is a good one.
3174 is weak, boring. Wait till next year Aug then re-enter? Hehe

Posted by koyokui > 3 weeks ago | Report Abuse

Buy. Tp 56 sen insya allah

Posted by mikeann > 3 weeks ago | Report Abuse

MRCB is a profitable company with diverse business in varied industries.
It has an NTA of 1.03.
Stock seems grossly oversold.
It has dropped from 0.59 to 0.515, with limited downside henceforth.
Rebound is imminent.

https://klse.i3investor.com/web/pricetarget/research/72571

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Disappointing results but I believe share price won't be adversely affected.

Posted by mikeann > 3 weeks ago | Report Abuse

EXCELLENT RESULTS.
9 months net profit is 62.885 million, increased by almost 200%

https://www.klsescreener.com/v2/announcements/view/8518965

Posted by prudentinvestor > 3 weeks ago | Report Abuse

If you compare financial results for the first 9 months this year with those of last year, then there is a great improvement. However if you compare third quarter results with second quarter results, then it is very disappointing. Investors will decide its performance tomorrow.

Posted by koyokui > 3 weeks ago | Report Abuse

Buy good qr report

Posted by theyoungman > 3 weeks ago | Report Abuse

Good price

Posted by Trader9 > 3 weeks ago | Report Abuse

Resistance 0.55, 0.59... but lack of power.

Posted by AmySee > 3 weeks ago | Report Abuse

We need more buying force from local institutions ..

Posted by theyoungman > 3 weeks ago | Report Abuse

Good vol and price. Heading to 0.6 again

Posted by DreamGuardian > 3 weeks ago | Report Abuse

MRCB to prosper from infrastructure projects
Corporate News
Friday, 29 Nov 2024

https://www.thestar.com.my/business/business-news/2024/11/29/mrcb-to-prosper-from-infrastructure-projects

Posted by Leoleo > 2 weeks ago | Report Abuse

hohoho

Posted by Trader9 > 2 weeks ago | Report Abuse

support 0.51. if break down 0.48-0.49.

Posted by theyoungman > 2 weeks ago | Report Abuse

Lelong

Posted by theyoungman > 2 weeks ago | Report Abuse

Stable price and wait for big boys to cheers together with its peers.

Posted by theyoungman > 2 weeks ago | Report Abuse

Buy on dip. Do not SPC.

Posted by NRahmat > 2 weeks ago | Report Abuse

Source : RHB-OSK, Price Call : BUY, Price Target : 0.86

Posted by theyoungman > 2 weeks ago | Report Abuse

@NR, nice info. tq