Malton may climb higher after forming a long white candle and hitting its highest close in more than five months. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR0.54 level, with an exit set below the MYR0.475 threshold. Towards the upside, the immediate resistance is at MYR0.60. This is followed by the MYR0.65 level.

Source: RHB Securities Research - 22 Feb 2019