In previous post, i mentioned about possible lowest for MRCB and a short of rebound.
Indeed it reached RM1.68, and went even lowest to RM1.65. After that slight rebound happened highest at RM1.76. After that, share seems shutting down again. At the moment share closed at RM1.64 on a bearish mode. I am expecting the share to continue to drop as Construction index also on bearish. Parabolic has put stopped after Friday trade.
With projection Fibo, we are looking next support at RM1.60. It is hardly to determine what is lowest, therefore, we will see how the stock to react base on market condition and our political situation. Good luck to those holders in case you guys trying to average down.
Personal point of view : I'll put this counter aside at the moment until there is more strong rebound shown in the movement. I don't care about the lowest price or try to maximize the profit, as long when strong movement detected, i am there and manage to get in time to reap off its CW fruits.
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