MFCB (3069) - technical analysis only

Note (1)

1. MFCB ended upward trending with consolidation price.

2. The counter also enter lower low trend after 03/07/2017.

3. However, MACD (sloping upward) and RSI (buying momentum) which support the counter challenges RM 3.80.

Note (2)

1. The counter just ended a triangle with dropping trend on 07/08/2017

2. Save zone to enter at bottom line trend (Near to RM 3.58)

3. The counter is entering a downward trend recently.

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