MRCB Is Forming A Bullish Pattern

2009-11-04

MRCB Is Forming A Bullish Pattern

Base on chart anaylisi MRCB is forming a bullish pattern to hits RM1.45 or more. This share may likely speculated to hits RM1.60 in short term. This few day they are a few share had been speculated till suspended by bursa may be MRCB also will be the one.

4 comments:

Anonymous November 6, 2009 at 2:11 AM: Hi,

MRCB proposes rights issue; *Will MRCB still bullish to RM1.60?

Thanks

Kit
East Point Trading November 6, 2009 at 7:36 AM: Hi Kit

MRCB plans to undertake a renounceable rights issue to raise up to RM566 million, of which RM380 million would be used as capital expenditure for future expansion so the extra cash may channel to push up the share when they feel need to speculative the share.

I think likely the money will use to push up the share price to RM1.60
Anonymous November 6, 2009 at 2:34 PM: Dear Sir,

Advisable to go in at the current price RM 1.32? Thanks

Kit
East Point Trading November 9, 2009 at 8:32 AM: Hi,

I personally think it is a good entry price but I prefer buy warrant to get maximum profit if MRCB really bound up. However this type of share still in high risk investment.

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