RHB Retail Research
Trading Stocks - Malayan Flour Mills
Malayan Flour Mills may rebound higher after it continued holding above the MYR0.68 support. Given that the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may appear above the MYR0.715 level, with an exit set below the MYR0.68 threshold. Towards the upside, the near-term resistance is at MYR0.78. This is followed by the MYR0.855 level.
Source: RHB Securities Research - 5 Jul 2019
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