Friday, 16 Dec 2011. MRCB – Stock Pick

MRCB ( 1651 : 1.95 ) : Avoid
Description
Resistance : 2.11
Support : 1.72
RSI of 48
RSI is neutral
STOCHASTIC
It is neutral
TREND INDICATOR
Sideways
Comment
As currently it is stuck in a consolidation mode, and capped at the Double top of 2.11, the near term outlook
favours further consolidation, with a downside risk of 1.72
Trading Strategy
Avoid.


Disclaimer
This report is provided for information purposes only.