Technical Stockpick - Malakoff Corp Bhd
Fri, 08-Aug-2025 07:09 am
by Research Team • Apex Research

MALAKOF (5264)
Last Price (RM)
0.965
Resistance (RM)
R1 — 1.010 / R2 — 1.060
Support (RM)
S1 — 0.920

Technical Commentary: 

The stock rallied in early 2025 before forming a head and shoulders pattern in February, followed by a corrective pullback. It then entered a consolidation phase, during which a double bottom formation emerged. After briefly dipping below key moving averages, the stock rebounded and is now on a clear upward trajectory, marked by a breakout above RM0.92 on strong volume. Resistance levels are seen at RM1.01–RM1.06, while RM0.92 now serves as immediate support.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.213466 4.244897
EUR 4.946298 4.953651
CNY 0.592866 0.593738
HKD 0.540491 0.544550
SGD 3.282193 3.306905