RHB Retail Research
Trading Stocks - Malayan Flour Mills
Malayan Flour Mills may climb higher after hitting its highest close in more than three months. As the stock marked a higher close vis-à-vis the previous sessions since 8 Mar, this has enhanced the buying momentum. A bullish bias may appear above the MYR0.75 level, with an exit set below the MYR0.675 threshold. Towards the upside, the near-term resistance is at MYR0.85. This is followed by the MYR0.91 level.
Source: RHB Securities Research - 13 Mar 2019
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