RHB Retail Research
Trading Stocks - Malayan Flour Mills
Malayan Flour Mills has been developing a minor consolidation over the past sessions following its recent spike off the 50-day SMA line. A positive bias is expected above MYR0.84 – the stock has likely established a support at this level. The resistance levels are marked at MYR0.94 and MYR1.00. A downside breach of MYR0.84 would negate this price forecast.
Source: RHB Securities Research - 8 Mar 2021
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