RHB Investment Research Reports

Trading Stocks - Berjaya Land

rhbinvest
Publish date: Thu, 18 Jul 2024, 11:25 AM
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Berjaya Land is attempting to break past the immediate resistance after charting a bullish candlestick. The counter rose to test the MYR0.42 resistance level yesterday. If it closes above the immediate resistance, a bullish setup will be confirmed. In this scenario, the counter may extend its upside movement towards MYR0.45, followed by MYR0.48. However, a fall below the MYR0.39 support level would kick off downward movement.

Source: RHB Securities Research - 18 Jul 2024

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