Mar 6, 2017

MRCB – Technical Rebound

Stock Code 1651

MRB Daily Chart:mrcb technical analysis

MRCB has formed a breakout-pullback-continuation pattern above the EMA60 level with high volumes. The MACD Histogram has turned green, while the RSI has risen above 30. Price may rally further, targeting the RM1.55-RM1.68 levels. Support will be set around the RM1.39 level.

Source: Mplus Research – 6/3/2017

The Company is principally an investment holding company. The Company also engages in construction related activities environmental engineering property development property investment and provision of management services to its subsidiaries.