RHB Retail Research
Technical Analysis - Berjaya Food
Berjaya Food may move higher after it continued holding above the MYR1.30 support. As the stock rose above the 21- day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.42 level, with an exit set below the MYR1.30 threshold. Towards the upside, the near-term resistance is at MYR1.53. This is followed by the MYR1.61 level.
Source: RHB Securities Research - 20 Sept 2018
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