RHB Investment Research Reports
Trading Stocks - Berjaya Food
rhbinvest
Publish date: Fri, 29 Sep 2023, 10:08 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 poised to resume its strong uptrend reversal after bouncing-off the immediate support following the recent pullback. If it rebounds strongly and breaches above the MYR0.77 recent high, the bullish momentum may propel the stock towards the MYR0.83 resistance (18 May’s high), followed by the next resistance level at MYR0.92 (5 May’s high). Conversely, a fall below the MYR0.72 support level would signal a reversal of the positive trend.
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