Malton may climb higher, says RHB Retail Research

KUALA LUMPUR (Nov 11): RHB Retail Research said Malton Bhd may climb higher after inching above the 68.5 sen level in its latest session, albeit marginally.

In a trading stocks note today, the research house said a bullish bias may be present above the this point with a target price of 72 sen, followed by 79.5 sen.

“The stock may turn sideways if it cannot sustain above the 68.5 sen mark in the near term.

“In this case, support may be found at 63.5 sen, where traders can exit upon a breach to avoid the risk of a further correction,” it said. — theedgemarkets.com