RHB Retail Research: Malayan Flour Mills exhibits signs of uptrend

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.

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