RHB Retail Research
Trading Stocks - London Biscuits
London Biscuits may rebound higher after it continued holding above the MYR0.28 support. As the stock recently rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.32 level, with an exit set below the MYR0.28 threshold. Towards the upside, the near- term resistance is at MYR0.375. This is followed by the MYR0.405 level.
Source: RHB Securities Research - 4 Jun 2019
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