RHB Retail Research
Trading Stocks - Malayan Flour Mills
Malayan Flour Mills was testing the MYR0.755 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.80, followed by MYR0.855. The stock may take a breather if it cannot breach above the MYR0.755 threshold in the coming sessions. Support may be found at MYR0.685, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 27 May 2019
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