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Thursday, January 12, 2017

MBSB: Next Upleg Has Begun

MBSB broke above its downtrend line in September last year. It then traded sideways for the next 3 months. Yesterday it broke above the horizontal line at RM0.96.

If MBSB can stay above the horizontal line at RM0.96, it may be a good trading BUY.


Chart 1: MBSB's daily chart as at Jan 11, 2017 (Source: Chartnexus)


Chart 2: MBSB's weekly chart as at Jan 11, 2017 (Source: Chartnexus)

Note:
I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.

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