Berjaya Food is set to continue its recent uptrend rebound as it managed to stay above the MYR3.25 resistance-turnedsupport level despite a mild pullback yesterday. The bullish momentum above that level may see the stock climbing towards the recent high of MYR3.52, before possibly printing a new peak of MYR4.00. In the event that it falls below the MYR2.96 support, the positive momentum may fade away, dropping below the 21-day average line.
Source: RHB Securities Research - 15 Mar 2022
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