Berjaya Food formed a long white candle, indicating that momentum of buying could be strong. This can be viewed as a continuation of the bulls extending the buying momentum from 15 Mar’s upside gap. A bullish bias may emerge above the MYR1.75 level, with an exit set below the MYR1.60 threshold. Towards the upside, the immediate resistance is at MYR1.90. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 15 Apr 2019