Malaysian Bulk Carriers Berhad is an investment holding company engaged in international shipping. The Company is a drybulk shipowner in Malaysia. It owns and operates a fleet of vessels which includes dry bulk carriers and product tankers.
It operates in three segments: Bulk Carriers, Tankers and Ship Management. Its bulk carriers are involved in the transportation of dry cargoes consisting bulks, such as iron ore, coal (steaming and coking coals), grains and minor bulks like sugar, coke and fertilizers, among others. Apart from its own vessels, it also charters-in third party vessels to service contracts of affreightment commitments. The tankers are engaged in the seaborne transportation of clean petroleum products, chemicals and vegetable oils. Ship management involves marine operations, technical management of vessels, ship supplies and crewing.
In August 2011, the Company winded-up its three wholly owned subsidiaries.
It operates in three segments: Bulk Carriers, Tankers and Ship Management. Its bulk carriers are involved in the transportation of dry cargoes consisting bulks, such as iron ore, coal (steaming and coking coals), grains and minor bulks like sugar, coke and fertilizers, among others. Apart from its own vessels, it also charters-in third party vessels to service contracts of affreightment commitments. The tankers are engaged in the seaborne transportation of clean petroleum products, chemicals and vegetable oils. Ship management involves marine operations, technical management of vessels, ship supplies and crewing.
In August 2011, the Company winded-up its three wholly owned subsidiaries.
Trading Plan:
1) Trendline - Above 20MA and 50MA breakout at RM 1.36
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 55%. RSI hooked up.
5) Support/Resistance: Supported at RM 1.33. Today close RM 1.38
6) Beta: 0.61(low)
7) Candlestick: Gap up for 2 consecutive days.
8) Pattern: Bullish after breakout at RM 1.36
1) Trendline - Above 20MA and 50MA breakout at RM 1.36
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 55%. RSI hooked up.
5) Support/Resistance: Supported at RM 1.33. Today close RM 1.38
6) Beta: 0.61(low)
7) Candlestick: Gap up for 2 consecutive days.
8) Pattern: Bullish after breakout at RM 1.36
Entry: RM 1.38
Profit: RM 1.47
Cut loss: RM 1.33
RRR (Risk to Reward Ratio)> 1 : 1.5
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