RHB Retail Research
Trading Stocks - Berjaya Food
Berjaya Food may rebound higher after it tested MYR1.65 support in its latest session. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may appear above the MYR1.65 level, with an exit set below that threshold. Towards the upside, the near term resistance is at MYR1.81. This is followed by the MYR1.90 level.
Source: RHB Securities Research - 14 May 2019
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