MBSB (1171) - follow up on technical analysis only with correct anticipation
- HONG WEI GIET
- Sep 3, 2017
- 1 min read
Note
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With the speculator taking profit with only 3 days trading in next week (28/08/2017 - 30/08/2017), MBSB might further drop and it might near to RM 1.23.
Quoted @ 27/08/2017
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The counter completed Head and Shoulder pattern @ 28/09/2017 and it bounce to RM 1.29 which cover 90% drop started @ 21/08/2017.
It indicated that market have great confidence on the counter.
MBSB need to have a consolidation phase and volume support to challenge higher price level.
It is really worth to hold long term for capital appreciation.