MBFHldg broke above its horizontal resistance at RM0.74-0.75 today. This bullish breakout could lead to a continuation of the prior uptrend. As such, the stock could be a trading BUY. Traders & investors are however advised to exercise careful discretion in all trading activities in this uncertain time.
Chart: MBFHldg's weekly chart as at Oct 3, 2011_4.30pm (Source: Quickcharts)
6 comments:
Hi Alex
Can you comment on YTL Power, it share keep testing all year low, trade at 1.65. Any sign of rebound?
Hi hng
YTLPower broke its long-term uptrend line at RM1.90 last week. That's a very significant & bearish breakdown. Its next support is at the horizontal line at RM1.65 & then at RM1.50 & RM1.40.
I may post on this stock today.
hi Alex,
What is Free Detachable Warrants in for MBFHLDG-WA? Is it good?
Hi Chun Mun
Free Detachable Warrants is the complete name for company-issued warrant.
Hi Alex
I've been following your blog and truly appreciate with your analyst.Can you comment on Mbfhldg, will it continue to go downside?
Hi andy
In this challenging time, I am quite impressed with Mbfhldg's price performance. This could mean that the stock may benefit from some corporate exercise soon.
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