<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 22): AllianceDBS Research said Malaysia Building Society Bhd (MBSB) had on Aug 21 traded to a high of RM1.35 before closing near the day’s low at RM1.29 (up 2 sen or 1.57%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition yesterday, the research house said MBSB crossed over the 50-day MA line on Aug 21 after spending 2 days between the 20-day (blue) and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>“Following the weak up close on Aug 21, the stock is to move lower with immediate support at RM1.26.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A fall below RM1.26 should see further price decline to the subsequent support at RM1.22.</p></div>

<div class=newsTextDataWrapInner><p>“The hurdle is pegged at RM1.35. A rise above RM1.35 would lift the stock to the next resistance at RM1.38,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on Aug 21 was 23.1 million shares compared to the 3-month average volume of 5.45 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains.</p></div>

<div class=newsTextDataWrapInner><p>It said the relative strength index indicated that the stock was currently in a neutral zone.</p></div>


KUALA LUMPUR (Aug 22): AllianceDBS Research said Malaysia Building Society Bhd (MBSB) had on Aug 21 traded to a high of RM1.35 before closing near the day’s low at RM1.29 (up 2 sen or 1.57%).

In its evening edition yesterday, the research house said MBSB crossed over the 50-day MA line ...

Immediate support for MBSB at RM1.26, says AllianceDBS Research

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