Nov 9, 2015

MATRIX - Flag Formation Breakout

MATRIX CONCEPTS HOLDINGS BHD Stock Code 5236

MATRIX Daily Chart:matrix share analysis
MATRIX has experienced a flag formation breakout above the RM2.47 level with higher-than-average volumes. The MACD Indicator is trending higher, but the RSI is overbought. Price may rally towards the targets of RM2.67 and RM2.81 after a mild retracement. Support will be located around RM2.42.
source:  Malacca Securities – 09/11/2016 
MATRIX CONCEPTS HOLDINGS BERHAD
The Company principally an investment holding company while their subsidiary companies are mainly involved in property development sales of land investment holding project management and procurement of building materials and administrative services.