RHB Retail Research
Trading Stocks - Malakoff Corporation
Malakoff may rise higher after it breached above the MYR0.805 threshold. Yesterday’s close sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.805 level, with an exit set below the MYR0.76 threshold. Towards the upside, the immediate resistance is at MYR0.855. This is followed by the MYR0.885 level.
Source: RHB Securities Research - 4 Jan 2019
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