RHB Retail Research
Trading Stocks - London Biscuits
London Biscuits may rebound higher after it continued holding above the MYR0.32 support. The 21-day SMA line is now likely to turn upwards, suggesting additional strength may be present in the near term. A bullish bias may appear above the MYR0.36 level, with an exit set below the MYR0.32 threshold. Towards the upside, the near-term resistance is at MYR0.405. This is followed by the MYR0.45 level.
Source: RHB Securities Research - 14 Jun 2019
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