Monday, August 13, 2007

KPS vs MRCB

KPS KPS is trending counter.
During sell down the price still stay above 14EMA.
This is good sign that the price will recover faster.
My target is 3.20, 3.50. Support 2.72.

MRCB

Today news about PORR project take over by MRCB is just a little spark. From the chart, the price still trending below 40EMA. This suggest further downtrend is possible for MRCB.
In near term, I would avoid this counter until the price can taken out RM3.00 convincely.

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