Malaysian Resources Corporation Berhad MRCB’s share price rose 30% in two weeks.
Interesting to know why?
Why MRCB rose so much in two weeks?
– News reported on 25 Jan 2024 that Berjaya Land, IJM, MRCB and KTMB join forces to bid for KL-Singapore HSR job
Source: https://theedgemalaysia.com/node/698603
Did you notice MRCB share price actually starting to breakout from 0.500 and 0.505 from Rectangle Box (Technical Breakout) ?
– It is very common that share price will rally first at the beginning / just before the news released to the public.
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Disclaimer: All the contents shall not be taken as a recommendation to buy/sell any security or financial instruments. Any action that you take as a result of information, analysis or commentary on these content is ultimately your responsibility. Historical results are not indications of future results.
