Berjaya Food may rebound higher after it continued holding above the MYR1.65 support. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR1.76 level, with an exit set below the MYR1.65 threshold. Towards the upside, the near-term resistance is at MYR1.90. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 30 Apr 2019