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Wednesday, March 9, 2011

ZLBT's Random Stock Picks >>> MRCB (1651) UEMLAND (5148)

MRCB (Code : 1651)
Technical Comments
MRCB shares should rebound further from the 61.8%FR (RM2.00) support given the oversold stochastics, witha breakout above the 76.4%FR (RM2.16) to target the upper Bollinger band and the 13/1/11 high (RM2.41)

UEMLAND (Code : 5148)
Technical Comments
Positive technical momentum supports further upside for UEM Land shares to break the 76.4%FR (RM2.88) and target the upper Bollinger band (RM3.01), and re-challenge the 13/1/11 high (RM3.40) going forward. Immediate support is at the 61.8%FR (RM2.56).

GOODLUCK2ALL

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