London Biscuits may trend higher after it formed a long white candle and breached above the MYR0.65 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.65 level, with an exit set below the MYR0.605 threshold. Towards the upside, the near-term resistance is at MYR0.70. This is followed by the MYR0.75 level.

Source: RHB Securities Research - 11 Jan 2019