Farm Fresh is eyeing to stage a bullish breakout as it tests the MYR1.70 immediate resistance. The stock is moving sideways for a consolidation. If it breaks past the immediate resistance, a bullish bias will emerge. In this scenario, we expect the followthrough momentum to reach MYR1.74, followed by MYR1.79. On the other hand, breaching below the MYR1.64 support will negate our expectation.
Source: RHB Securities Research - 18 Aug 2022
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