RHB Retail Research
Trading Stocks - Kawan Food
Kawan Food may climb higher after forming another white candle and leaving an upside gap yesterday. In view that the 21-day SMA line is likely to begin turning upwards, this has enhanced positive sentiment. A positive bias may emerge above the MYR1.37 level, with an exit set below the MYR1.31 threshold. Towards the upside, the immediate resistance is at the MYR1.49 mark. This is followed by the MYR1.62 level.
Source: RHB Securities Research - 31 Oct 2019
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