MFLOUR gained 4.5 sen (+8.74%) to end at RM 0.560 yesterday.
Chart-wise, the stock began to rebound since mid-March this year.
Yesterday’s candlestick closed higher on the back of stronger-than-average trading volume. Given a bullish MACD signal, we believe the stock may be poised for more upside.
On the way up, resistance levels are identified at RM0.730 (R1) and RM0.850 (R2).
Conversely, supports can be found at RM0.460 (S1) and RM0.350 (S2).
COMFORT (Not Rated)
COMFORT rose 15.0 sen (+13.89%) to close at RM1.23 yesterday.
Chart-wise, the stock has been rallying since mid-March this year, which sees it currently trending above all of its key SMAs.
Coupled with upticks in momentum indicator and robust trading volumes, we believe the bullish momentum may persist.
From here on, overhead resistance can be seen at RM1.40 (R1) and RM1.60 (R2).
Conversely, downside supports can be identified at RM1.00 (S1) and RM0.850 (S2).
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