RHB Retail Research
Trading Stocks - Kawan Food
Kawan Food was testing the MYR1.60 level in its latest session. A bullish bias may be present above this point, with a target price of MYR1.70, followed by MYR1.80. The stock may take a breather if it cannot breach above the MYR1.60 mark decisively in the coming sessions. Support may be found at MYR1.49, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 26 Nov 2019
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