RHB Retail Research
Trading Stocks - Berjaya Food
Berjaya Food formed a long white candle, indicating that the momentum of buying could be strong. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A bullish bias may emerge above the MYR1.48 level, with an exit set below the MYR1.35 threshold. Towards the upside, the immediate resistance is at MYR1.63. This is followed by the MYR1.70 level.
Source: RHB Securities Research - 8 Mar 2019
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