Daily Trading Stocks: Malton Berhad

Malton should resume its uptrend if it closes above  the 5-day high of RM0.58. A position can be initiated above this level, with a close below the 5-day low of RM0.555 as stop-loss. The price targets are the Jan low of RM0.66 and the late-Jan high of RM0.72. The stock’s downward move should continue on a close  below RM0.555 and supports are at RM0.525 and RM0.50.

Source: OSK