Berjaya Food is poised to resume its strong uptrend reversal after bouncing-off the immediate support following the recent pullback. If it rebounds strongly and breaches above the MYR0.77 recent high, the bullish momentum may propel the stock towards the MYR0.83 resistance (18 May’s high), followed by the next resistance level at MYR0.92 (5 May’s high). Conversely, a fall below the MYR0.72 support level would signal a reversal of the positive trend.
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Created by rhbinvest | Oct 02, 2024