MMC Corporation Bhd (MMCB.KL)

Overview:

MMC Corporation Berhad (MMC) is an investment holding company. It is engaged in construction, mining and mineral exploration. Its segments include, transport and logistics, which derives revenue from ports; energy and utilities, which derives revenue mainly from electricity generation (Energy), supply of natural gas (Gas) and water treatment business (Utilities); engineering and construction, which derives revenue from infrastructure and construction projects, and others, which include investment holding and airport operations. 
MMC has a 20% interest in the Red Sea Gateway Terminal, which operates a container terminal at Jeddah Port. 
In March 2012, its Malakoff International Limited disposed its entire interest in ACWA Power Jordan Generation Limited. 
In May 2012, it announced that Malakoff International Limited, a wholly owned subsidiary of its 51%-owned subsidiary Malakoff Corporation Berhad acquired IP Middle East Holding Company Limited from International Power Holdings Limited.

Trading Plan:

1) Trendline - Sideways with price ranges from RM2.60 to RM2.73
2) Volume: High
3) MACD: Green (Positive>Weak Bullish)

4) Smoothed RSI : Stagnant and hovering above 30%. Still in standby waiting to break up or below 50%.

5) Support/Resistance - Sideways

6) Beta: 1.25
7) Candlestick - 

8) Pattern - 


Entry: RM 2.75
Profit: RM 3.08

Cut loss: RM 2.60 

RRR (Risk to Reward Ratio)> 1 : 2

Scenarios Analysis:
1) Syed Mokhtar's counter Still lagging...DRBHICOM up >11% in 2 days!

Tok