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MALAYSIAN RESOURCES CORPORATION BERHADMM

MALAYSIAN RESOURCES CORPORATION BERHAD

0.540MYRD
−0.015−2.70%
At close at 08:59 GMT
MYR
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MRCB trade ideas

MRCB - WATCH FOR KEY RESISTANCE LEVELSThis long overdue talk about EDL concession termination has finally gave MRCB the push I have been waiting. "The government’s announcement that it will take over the Eastern Dispersal Link (EDL) expressway from Malaysian Resources Corp Bhd (MRCB) for RM1.3 billion in Budget 2019 could prove to be a boon for the diversified group" - The Edge Nov 5, 2018. Follow my post on MRCB since Oct 29 - The accumulation price (as revealed and studied with Technical Analysis) mentioned was between 0.68 - 0.72. Clearly this is a move awaiting for the Budget 2019. On Friday, Nov 2, MRCB price closed at high, 0.76 with 25K lots done at pre-closing session. Immediately on Nov 2, I updated another post on MRCB technicals, using the Fibonacci Key Levels to show the key resistances of MRCB at the moment. I mentioned in the post that if the price would stay above 0.75, the next target will be 0.80. On Nov 2, MRCB closed at 0.76 Nov 2 - Today Nov 5, the MRCB hit a high at 0.805. The next key resistance level for MRCB is 0.84 if the price could maintain above 0.80 today. Follow my posts for more stocks we can benefit from Bursa. Give me a like if you like what you have been seeing here, as encouragement for my work done. Cheers.
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by PeterTing
MRCB (#2) – Moving again, +8% Greetings. Here is my update on the technical review on MRCB written on 29th Oct. (Link - ) 1. Based on the previous report / analysis, the accumulation ranged spotted is between 0.68 – 0.72. 2. This actually gives a good risk:reward ratio for a trade. 3. Today the price reached a high of 0.755, a gain of 8% from the last report. 4. The Fibonacci key levels are drawn in the chart above. If the price could maintain above 0.75, the next target price will be 0.80. 5. Support is still 0.675 and 0.70. This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
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by PeterTing
MRCB - Accumulation perhaps? Greetings to all. This is my technical review on MRCB. 1. Formation of cup and handle spotted 2. Two crucial support found at 0.675 and 0.70. 3. Accumulation seen around 0.68 – 0.72 4. I will take this opportunity to buy at support. 5. Yellow candlesticks now appeared (a sign of trend weakness), therefore I will cut strictly if price fell below 0.675. This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
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by PeterTing