Farm Fresh is set to resume its uptrend after surpassing the immediate resistance of MYR1.45 recently, with strong trading volume. Coupled with trading above the rising 21-day SMA line, the stock would trend higher towards the MYR1.58 resistance, followed by the next resistance at MYR1.65. However, a fall below MYR1.40 invalidates the bullish bias – trading below the SMA line.
Source: RHB Securities Research - 9 Apr 2024
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