MALAYAN FLOUR MILLS BERHAD
Observation from Chart:-
MFLOUR (3662) is forming Descending Triangle.
Will it break through upper triangle line or break down RM7.00 support?
If able break through upper triangle line, next resistant would be RM7.80 level.
If break down strong support level RM7.00, subsequent support would be RM6.30
Other indicator:-
MACD still trade at negative region, downtrend itinerary.
Stochastic %K already trigger buy call BUT pending confirmation.
Let watch closely.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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