RHB Retail Research
Technical Analysis - Malton
Malton
Malton’s upward momentum may persist after the stock hit its highest close in more than two months. As the 21-day SMA line will likely begin turning upwards, this has enhanced the buying momentum. A bullish bias may appear above the MYR0.645 level, with an exit set below the MYR0.565 threshold. To the upside, the near-term resistance is at MYR0.74. This is followed by the MYR0.86 level.
Source: RHB Securities Research - 25 Jul 2018
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