MALAKOFF CORPORATION BERHAD (5264)
Observation from Chart:-
MALAKOF retest strong support level, RM0.875.
Will it rebound & go higher?
Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K trigger BUY call, pending confirmation.
Immediate resistance @ RM0.94 level.
Subsequent resistance @ RM1.00 level.
Immediate support @ RM0.875 level.
If break strong support RM0.875 level, lower low is confirm.
Downtrend will resume.
Let's watch closely.
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