Kenanga Research & Investment
Highlights / Stock Picks of the Day - Malayan Flour Mills Berhad (MFLOUR) – Stopped-out
Recall that in 25 July 2014, we placed a “Trading Buy” call on MFLOUR as the share price broke out from its one-year uptrend channel resistance level of RM1.85. However, the bullish view is no longer valid due to the recent poor market sentiment. The key indicators (RSI, Stochastic and MACD) are trending downwards, indicating the strong selling pressure. There has been no sign of reversal yet, as such, we are issuing a “Stopped-out” call on MFLOUR at RM1.76.
Source: Kenanga
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Kenanga Research & Investment
Weekly Technical Highlights – Dow Jones Industrial Average (DJIA)
Created by kiasutrader | Jul 15, 2024
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-17 12:00:00
EMA 5
10 Mins
SELL
2024-07-17 11:25:00
EMA 5
5 Mins
SELL
2024-07-17 11:00:00
ADX
10 Mins
BUY
2024-07-17 10:00:00
EMA 5
Hourly
BUY
2024-07-17 09:30:00
TURTLE SYSTEM 20
10 Mins
SELL
Apps
Top Articles
1
The Alpha Trader
2
Bursa Stock Musings - Thoughts & Ideas
PGF Capital - insti shareholding up from 5% to 14%! (part 1)
3
南洋行家论股
4
How to become a resilient trader
5
RHB Investment Research Reports
7
BreakingOut
8
Koon Yew Yin's Blog
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Abudance
Gone further than 1.76... Now is 1.86
2014-10-29 12:22