Technical Radar - Malaysian Resources Corp Bhd
Fri, 03-Nov-2023 08:02 am
by Kenneth Leong • Apex Research

MRCB (1651)
Last Price (RM)
0.440
Resistance (RM)
R1 — 0.470 / R2 — 0.490
Support (RM)
S1 — 0.415

Technical Commentary:

Price has formed a triple top formation and subsequently staged a pullback. With price finding stability above EMA120, price has staged a mild recovery to re-test EMA20. Traders may anticipate for a potential breakout above RM0.44 to target the resistances at RM0.47-0.49. Support is located at RM0.415.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.495239 4.530241
EUR 4.668797 4.677343
CNY 0.614220 0.614868
HKD 0.578197 0.582724
SGD 3.288884 3.314814