TheStar Fri, Dec 23, 2022 09:10am - 3 months View Original

Berjaya Corp Bhd has embarked on a short-term uptrend since the final week of November, and is currently trading at its highest level in 18 months.

The stock is expected to continue its upward momentum, as buying interest remains strong and the technical indicators suggest continued growth.

The slow-stochastic has risen to 44 points, while the RSI is strong at 65 points. The nearby resistance can be seen at 29.5 sen, which if crossed frees the bulls to a higher high of 32 sen. Support is found at 27 sen and 25.5 sen.

Sam Engineering & Equipment (M) Bhd is taking on a sideways trading motion following a correction that began at end-November.


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