Short term MBSB could be heading to support area around 0.700
If Cup and Handle pattern forms, TPs are the greenline marked on the chart.
Dividends have been good from this stock, plus it's a Banking stock.. with interest rates stable and potentially going down from here, loans are going to be cheaper and banks profit will grow Q-on-Q. It's also one of the only two Banking stocks that are Shariah Compliant.
I am looking to add position at 0.690 (support area) and keep it on my portfolio long term.
If Cup and Handle pattern forms, TPs are the greenline marked on the chart.
Dividends have been good from this stock, plus it's a Banking stock.. with interest rates stable and potentially going down from here, loans are going to be cheaper and banks profit will grow Q-on-Q. It's also one of the only two Banking stocks that are Shariah Compliant.
I am looking to add position at 0.690 (support area) and keep it on my portfolio long term.
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