RHB Retail Research
Trading Stocks - Malayan Flour Mills
Malayan Flour Mills may climb higher after it formed a second consecutive white candle. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the coming sessions. A bullish bias may emerge above the MYR0.80 level, with an exit set below the MYR0.725 threshold. Towards the upside, the immediate resistance is at MYR0.90. This is followed by the MYR0.96 level.
Source: RHB Securities Research - 2 Apr 2019
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