Oct 7, 2015

MKH – Flag Formation

MKH BERHAD Stock Code 6114

MKH experienced a flag formation breakout above the RM2.28 level with improved volumes. The MACD Line is trending higher above the zero level. The RSI, however, is overbought. Price may rally towards the RM2.56-RM2.64 levels after a short consolidation. Support will be anchored around the RM2.23 level.

MKH Daily Chart (click to enlarge):MKH analysis by Malacca Securities 07/10/15


The Company' s principal activities are project management investment holding and property development. The principal activities of the subsidiaries and the associated company are: oil palm plantation project management property investment construction trading and furniture manufacturing to provide maximum synergy and cost efficiency.