Berjaya Land Bhd (4219)

• BJLAND closed 5.7% or 1 sen higher to RM0.185 yesterday.
• Share price seemed to have found its bottom at RM0.15 level and has shown signs of price recovery of late. With the bullish state of MACD and upward momentum in RSI, we expect share price to continue its uptrend.
• From here, resistance levels are identified at RM0.200 (R1) and further to RM0.215 (R2).
• On the flipside, support levels are found at RM0.175 (S1) and RM0.150 (S2).

Source: Rakuten Research - 14 Aug 2019