MALAYAN FLOUR MILLS BHD
Observation from Chart:-
MFLOUR (3662) formed higher low.
How about higher high?
Other indicator:-
MACD trade at positive region, uptrend itinerary.
Stochastic %K trigger BUY call, pending confirmation.
Immediate resistance would be RM1.44 level.
Immediate support @ RM1.37 level.
Subsequent support @ MA20 / MA50 level.
Once higher high & higher low been confirm, it's an opportunity while retrace down retest support
Let's watch closely.
Tuesday, December 10, 2013
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