Berjaya Food first tested, then rebounded from the support level of RM1.67 in recent sessions. With an RSI level above 60%, it may continue to climb above the resistance price of RM1.76. If this happens, its short-term target price is RM1.91 followed by RM2.04. Support price is anticipated at RM1.67, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.76

Target: RM1.91, RM2.04 (time frame: 3–6 weeks)

Exit: RM1.67

Source: AmInvest Research - 25 Apr 2019