RHB Retail Research
Trading Stocks - Malakoff Corporation
Malakoff may rebound further after it tested the MYR0.86 support in its latest session. Last Friday’s white candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.88 level, with an exit set below the MYR0.86 threshold. Towards the upside, the immediate resistance is at the MYR0.925 mark. This is followed by the MYR0.95 level.
Source: RHB Securities Research - 2 Dec 2019
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