RHB Retail Research says Malayan Flour Mills Berhad exhibited signs of extending its uptrend yesterday, after it recently crossed above the 21-day SMA line.
In a trading note, the research house says a positive bias may emerge above MYR0.55, with resistance levels pegged at MYR0.585, followed by MYR0.62.
A stop-loss can be set below MYR0.55.
