MRCB - WATCH FOR KEY RESISTANCE LEVELS
This 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.
"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.