AmInvest Research Reports
Stocks on Radar - Malayan Flour Mills (3662)
AmInvest
Publish date: Wed, 01 Apr 2020, 09:43 AM
AmInvest
0 9,386
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Malayan Flour Mills is inching higher and may soon test the immediate resistance of RM0.445. If it could break out from the resistance, we foresee that the next short-term target prices will be RM0.47 and RM0.49. In this case, the downside support is anticipated at RM0.40, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.445
Target: RM0.47, RM0.49 (time frame: 3-6 weeks)
Exit: RM0.40
Source: AmInvest Research - 1 Apr 2020
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