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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 26 Nov 2021, 10:27 AM

 

Stocks on Radar - Malayan Flour Mills (3662)

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Malayan Flour Mills surged and touched the RM0.80 resistance level. With its RSI indicator moving upward, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.835, followed by RM0.865. The downside support is marked at RM0.735. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.80

Target: RM0.835, RM0.865 (time frame: 2-4 weeks)

Exit: RM0.735
 

Source: AmInvest Research - 15 Oct 2021

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Labels: MFLOUR

Related Stocks

Chart Stock Name Last Change Volume 
MFLOUR 0.62 -0.02 (3.12%) 2,879,000 

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