RHB Investment Research Reports
Trading Stocks - Berjaya Food
rhbinvest
Publish date: Wed, 17 Aug 2022, 08:57 AM
rhbinvest
0 3,564
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 has staged a bullish breakout, surging past the immediate resistance on high trading volumes. The positive price action suggests strong buying interest has emerged. If the stock continues to stay above the breakout point of MYR4.30, we expect the momentum to propel the counter towards MYR4.55, followed by MYR4.75. On the downside, falling below the MYR4 support will nullify our expectations.
Source: RHB Securities Research - 17 Aug 2022
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