MFLOUR - RSI reading hint a BULLISH OUTLOOK ?

MFLOUR - CURRENT PRICE : RM0.545

MFLOUR has been on a downtrend since June 2024 and began consolidation on November 2024.

Based on ICHIMOKU CHART, last Friday the share price rises and penetrated LEADING SPAN 2 - Closed inside KUMO. At the same time CHIKOU SPAN starts to move above CANDLESTICK - this shows a little bit bullish scenario.

There were also BULLISH DIVERGENCE in RSI oscillator. Interesting part is RSI break above 50 points on last Friday. This rising reading in RSI oscillator add more bullish outlook for this stock.

ENTRY PRICE : RM0.545
TARGET : RM0.575 , RM0.595
STOP LOSS : RM0.520

TAYOR !

Notes : Malayan Flour Mills Bhd. engages in the flour milling business. It operates through the following segments: Flour and Grain Trading (FGT), Poultry Integration (PI), and Others.