Berjaya Food is consolidating, touching the RM1.58 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.63, followed by RM1.68. The downside support is marked at RM1.51. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM1.58
Target: RM1.63, RM1.68 (time frame: 2-4 weeks)
Exit: RM1.51
Source: AmInvest Research - 24 Mar 2021
Chart | Stock Name | Last | Change | Volume |
---|