RHB Retail Research
Trading Stocks - Malayan Flour Mills
Malayan Flour Mills may rebound higher after it continued holding above the MYR0.65 support. As the 21-day SMA line is likely to turn higher, this indicates a positive sign. A positive bias may emerge above the MYR0.675 level, with an exit set below the MYR0.65 threshold. Towards the upside, the immediate resistance is at the MYR0.74 mark. This is followed by the MYR0.77 level.
Source: RHB Securities Research - 29 Oct 2019
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