MBSB trade ideas
MBSB - Long May a black horse for finance counters
(Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
MBSB - symmetrical wedge forming with bullish breakout likelyA symmetrical wedge pattern has emerged with a bullish breakout likely supported by bullish 4EMA while StochRSI is in oversold territory with a reversal signal. Fundamentally, there is positive sentiment on MBSB's recent acquisition of Asian Finance Bank Bhd as they are progressing towards transforming into a full-fledged islamic bank. It's worth noting that MBSB is also one of only two listed Islamic Banks on Bursa Malaysia, which stands to benefit from various shariah funds.
MBSB - Playing Around Crucial Support Laburlah Technical Coverage (16-APR, Monday):
MBSB
Technical Analysis Breakdown
1. Trend: Weak
2. RSI: Bullish
3. Parabolic SAR: Bullish
4. Resistance: MA200/ 1.18
5. Remarks: Lack of catalysts now
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
