RHB Retail Research
Trading Stocks - Malakoff Corporation
Malakoff may climb higher after posting a long white candle and leaving an upside gap yesterday. This can be viewed as a continuation of the bulls extending the rebound from 24 May’s “Bullish Harami” pattern. A positive bias may emerge above the MYR0.815 level, with an exit set below the MYR0.785 threshold. Towards the upside, the immediate resistance is at MYR0.875. This is followed by the MYR0.90 level.
Source: RHB Securities Research - 29 May 2019
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