Rakuten Trade Research Reports
Technical View - Berjaya Food Berhad
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Publish date: Tue, 20 Dec 2022, 12:56 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
- Share price closed 2.94% higher at RM1.05 on Monday.
- BJFOOD broke out from its resistance level of RM1.02 yesterday and it is now near its all-time high of RM1.09. The share price has been on the upward trajectory and trending above all key moving average lines. Coupled with a bullish MACD crossover with indicators showing uptick momentum, the share price is expected to propel higher.
- Resistance level is identified at RM1.09 (R1).
- On the flipside, support levels are pegged at RM0.98 (S1) and RM0.94 (S2).
Source: Rakuten Research - 20 Dec 2022
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