tag:blogger.com,1999:blog-29462482.post2247263268022100402..comments2023-10-17T15:46:53.662+08:00Comments on nexttrade: MNRB- has a bullish breakoutAlex Luhttp://www.blogger.com/profile/08920196030603399063noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-29462482.post-65832010080848664322014-03-04T16:54:38.773+08:002014-03-04T16:54:38.773+08:00Hi Mat Cendana,
You could be right about MNRB- an...Hi Mat Cendana,<br /><br />You could be right about MNRB- another false breakout...<br /><br />The market may be over-reacting to its low NP of RM14 million which was mainly due to the provision for Typhoon Fitow losses in Fujian Province in Southeast China (provided by the reinsurance subsidiary) and the increase in actuarial reserves in the family retakaful business.<br /><br />It could drop back to the 40-week EMA line at RM3.50-3.60.Alex Luhttps://www.blogger.com/profile/08920196030603399063noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-10547829773345585552014-02-28T14:40:34.164+08:002014-02-28T14:40:34.164+08:00It needs to stay above 4.00 though. If not, the pr...It needs to stay above 4.00 though. If not, the previous upsurge will be proven as a false breakout. Actually I see this one as promising. It looks to be finding a footing for the next push upwards. If this doesn't come, it might be better to cut losses for the time being. Mat Cendanahttps://www.blogger.com/profile/14912016111197047017noreply@blogger.com