RHB Investment Research Reports
Trading Stocks - Berjaya Food
rhbinvest
Publish date: Fri, 13 May 2022, 09:38 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Berjaya Food is set to propel towards uncharted territory after bouncing off the 21-day average line while breaching the MYR4.04 resistance – coupled with higher trading volume. The immediate-term bullish momentum should propel the stock to mark a new high at MYR4.20, before recording another new high at MYR4.40. However, the positive momentum may dissipate if it falls below the MYR3.70 threshold, trading below the average line.
Source: RHB Securities Research - 13 May 2022
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