Berjaya Food may rebound higher after it continued holding above the MYR1.28 support. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.32 level, with an exit set below the MYR1.28 threshold. Towards the upside, the near-term resistance is at MYR1.40. This is followed by the MYR1.48 level.

Source: RHB Securities Research - 29 Jan 2019