January 16, 2019 | HONG WEI GIET
Technical Analysis
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- MFLOUR entered downward trend since Feb, 2018.
- EMA 20/60/120 turned downward on Feb 28, 2018 and MFLOUR failed to re-bounce on May 16, 2018.
- MFLOUR bounced back and sustained above EMA20 with huge transactions volume.
- RSI and MACD are bullish and overbought on Feb 16, 2019.
- Resistance level, R2: RM0.977
- Resistance level,
More: https://www.fundamental-technical-analysis.com/
MFM into share buy back . Generally , it is good news for shareholders . At a price hovering at 0.75 ~ 0.76 , , which is about 60% oof its NTA , its time to accumulate .
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https://menginvestlife.blogspot.com/2019/08/009-mflour.html MFLOUR