Farm Fresh may undergo bullish breakout and is testing the MYR1.58 resistance on high volume. It has crossed above the 21-day SMA line and charted a series of “higher highs”, which indicates that bullish momentum is in play. If a bullish breakout happens, the stock should have another leg upwards – in this case, it may climb towards MYR1.64, followed by MYR1.70. On the flip side, falling below the MYR1.50 support would mark the resumption of a bearish setup.

Source: RHB Securities Research - 25 May 2023