RHB Investment Research Reports
Trading Stocks - Malayan Flour Mills
rhbinvest
Publish date: Mon, 23 May 2022, 09:08 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Malayan Flour Mills is set to climb upwards as it moved past the MYR0.66 resistance last Friday – forming a “higher high” bullish pattern. If the breakout is sustained, the stock may propel further towards the next resistance of MYR0.69, followed by MYR0.70 – the YTD high. If it falls below the support threshold of MYR0.63, selling pressure may emerge as it forms a “lower low” bearish pattern.
Source: RHB Securities Research - 23 May 2022
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