Berjaya Sports Toto’s buying momentum may have returned after it rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR2.36 level, with an exit set below the MYR2.30 threshold. Towards the upside, the near-term resistance is at MYR2.44. This is followed by the MYR2.50 level.

Source: RHB Securities Research - 29 Mar 2019