Berjaya Food has rebounded from its low to test the immediate resistance level of RM1.42. With a rising RSI, a bullish bias may be present above this mark with target prices of RM1.48 and RM1.52. In this case, the immediate support is anticipated at RM1.35, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.42
Target: RM1.48, RM1.52 (time frame: 3-6 weeks)
Exit: RM1.35

Source: AmInvest Research - 29 Nov 2019