MFCB Stock Analysis First I always look at the chart first, identify which market structure we are in? There is 4 stages in the market, Accumulation stage, Advancing Stage, Distribution Stage & Declining Stage. Personally, I look at MFCB now currently from distribution stage heading into declining stage. Share Price at the same time dropped bellow EMA 20 & 70,...
MFCB 27/6/2020 a potential stock which strong in both fundamental and technical analysis , monitor closely around 6.130 , it is making a small correction here after two white soldiers candlestick formations here, 5.910 seems supporting here. Mid term target after breaking RM 7.000 is at RM 8.000
MFCB - The stock just stage for another round of bullish breakout, which you shall expect further upward continuation. MACD just done bullish crossover, RSI & MACD sloping upward. Resistance can be found at 4.65, support level observable at 4.29