Possible for trend reversal. MALAKOF is potentially staging a breakout from its downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.595 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.610 and RM0.635.
However, failure to hold on to support level of RM0.570 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 30 Jun 2023
Chart | Stock Name | Last | Change | Volume |
---|
Created by PublicInvest | Apr 26, 2024