RHB Retail Research
Trading Stocks (MID-DAY) - Malakoff
At the time of writing, Malakoff was testing the MYR0.91 resistance level. A bullish bias may be present above this point, with a target price of MYR0.95, followed by MYR1.00. The stock may take a breather if it cannot decisively breach above the MYR0.91 threshold in the coming sessions. Support may be found at MYR0.88, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 20 Feb 2020
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