MFlour RM0.73 Support

MFlour has rallied to RM0.84 since early 2019. On 4 April, lack of volume indicated the demand was tired and the stock retested the RM0.73 support. On 24 April, the stock gained 6 percent in a single day with high volume suggested the demands at the price above RM0.73. However, the stock wasn’t able to trade higher and tested the RM0.73 supports.

I reckon the demands has tired. Immediate cut lost below RM0.73. Trade safely. (Click here for full image)

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Author: Gerald Koh