Interesting chart pattern for :
Malaysia Building Society Bhd (stock code 1171) Finance – RM2.25
MBSB daily chart (click to enlarge)
MBSB’s candles are recovering after touching the long-term uptrend line. The recovery gained tremendous strength since Friday last week from a low of RM2.02. As it is, its RSI and stochastic are on the uptrend, with the lagging MACD just crossing its trigger line on the upside.
Collectively, its still positive indicators suggest more near term upsides. For now, the stock is at trading buy.
by Mercury Securities