RHB Retail Research
Trading Stocks - Kawan Food
Kawan Food may rebound further after it tested the MYR1.36 support in recent sessions. With the 21-day SMA line edging upwards, this implies a positive outlook. A positive bias may emerge above the MYR1.41 level, with an exit set below the MYR1.36 threshold. Towards the upside, the immediate resistance is at the MYR1.53 level, followed by the MYR1.62 threshold.
Source: RHB Securities Research - 14 Nov 2019
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