Rakuten Trade Research Reports

Technical View - Malakoff Corporation Bhd

rakutentrade
Publish date: Tue, 24 Oct 2023, 09:05 AM
rakutentrade
0 2,160
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Malakoff Corporation Bhd (MALAKOF, 5264)

  • Share price closed 2.52% higher at RM0.61 on last Monday.
  • Malakoff experienced a gap down in late August 2023 following the announcement of its 2QFY23financial results. The stock is currently forming a bullish MACD crossover with high buying volume observed yesterday, and both its 20-day and 50-day EMAs are converging. These indicators suggest a positive outlook in the near term.
  • It is pending a breakout from its current level, with rising momentum to test the next level ofresistance of RM0.62 (R1) followed by RM0.625 (R2).
  • On the downside, stop-loss is set at RM0.575, below the 29 Aug’s low.

Source: Rakuten Research - 24 Oct 2023

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment