RHB Investment Research Reports

Trading Stocks - Farm Fresh

rhbinvest
Publish date: Wed, 20 Dec 2023, 10:59 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Farm Fresh is poised to resume its uptrend above the 21-day SMA line as it bounced off and tested the MYR1.37 immediate resistance on stronger trading volume. If a breakout above that resistance happens, the bullish momentum is expected to propel the stock towards the recent high of MYR1.42, followed by the MYR1.50 mark. Conversely, falling below the MYR1.30 support would point to a potential downtrend.

Source: RHB Securities Research - 20 Dec 2023

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