MBMR has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 2.38 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED AUTHORITY FOR MBM RESOURCES BERHAD ("MBMR" OR "COMPANY") TO PURCHASE UP TO TEN PER CENT (10%) OF ITS OWN ISSUED AND PAID-UP SHARE CAPITAL; AND (II) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Gusen
1,871 posts
Posted by Gusen > 2016-02-22 15:24 | Report Abuse
I brought around 5000 lots -wa, not sure is it too much.