Technical Analysis Sept 2012: MFLOUR (3662)
MALAYAN FLOUR MILLS BERHAD
Observation from Chart:-
MFLOUR (3662) is retest RM1.39 support level.
Will it rebound or break down future?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
High probably it might retest immediate resistance level, MA20.
If break down RM1.39 support, subsequent support would be around RM1.20 level.
Let's watch closely.
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