$MNRB (6459.MY)$Bollinger Bands: When the stock price approa...
$MNRB (6459.MY)$Bollinger Bands: When the stock price approaches the upper band, it usually indicates overbought conditions. However, if there is enough momentum, it also indicates that the uptrend may continue.
MACD: The MACD line (orange) is slightly above the signal line (blue), which is typically a bullish signal. If the MACD continues to rise, it may mean that the upward momentum is strengthening.
Relative Strength Index (RSI)The current RSI value is 76.41, indicating an overbought condition (above 70), which may signal a potential pullback unless the buying momentum continues to remain strong.
Key price range: Current price is approximately2.43, with resistance near2.58. If the buying momentum persists, the stock price may challenge this level, but due to the RSI overbought condition and close to the upper Bollinger Band, there may be resistance or a pullback after testing this level.
In general, the stock price may rise to2.58Nearby, but considering the overbought RSI and the state near the upper range of the Bollinger Bands, there may be some resistance or pullback after testing this level.
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