Technical Analysis Mar 2015: MRCB (1651)

Technical Analysis Mar 2015: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD 

Observation from Chart:

MRCB retest strong support, RM1.28 level.

Will it rebound?

Other indicator:
MACD moving toward positive region, uptrend itinerary
Stochastic %K trigger SELL call, pending confirmation.

Immediate resistance @ RM1.35 level.
Subsequent resistance @ RM1.40 level.

Immediate support @ RM1.28 level.
Subsequent support @ RM1.06 level.

Let's watch closely.

 http://www.stocktalk2u.com