RHB Retail Research
Trading Stocks - Berjaya Sports Toto
Berjaya Sports Toto attempted to stage a rebound from its recent low, testing the immediate MYR2.00 resistance level. If it can breach above this threshold, we think a positive trading bias will emerge. If this happens, it may rebound towards the next hurdle near the MYR2.06 level, followed by the MYR2.12 mark. A downside breach of the MYR1.93 support should negate this expectation and trigger a further stock price correction.
Source: RHB Securities Research - 30 Oct 2020
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