MALAYAN FLOUR MILLS BERHAD
Observation from Chart:-
MFLOUR (3662) have been retrace from RM8.50 to RM7.04
Technically, it will further retrace down to retest RM6.87 support level (RM1.63 or -19.2%)
From the RSI & Stochastic %K indicator, MFLOUR at oversold stage now.
Once reversal candlestick been form, it is time to entry.
Subsequent strong support would be MA50 support level or RM6.45 level.
Let watch closely for the rebound.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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