RHB Retail Research
Trading Stocks - Berjaya Land
Berjaya Land may climb after it recently breached above the downtrend line drawn in the chart. As the stock recovered above the 21-day SMA line as well, this indicates a positive sign. A positive bias may emerge above the MYR0.18 level, with an exit set below the MYR0.15 threshold. Towards the upside, the immediate resistance is at the MYR0.20 level. This is followed by the MYR0.215 level.
Source: RHB Securities Research - 14 Aug 2019
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