
KUALA LUMPUR (July 18): RHB Retail Research said Berjaya Land Bhd (KL:BJLAND) is attempting to break past the immediate resistance after charting a bullish candlestick.
In a trading stocks note on Thursday, the research house said the counter rose to test the 42 sen resistance level on Wednesday.
“If it closes above the immediate resistance, a bullish setup will be confirmed.
“In this scenario, the counter may extend its upside movement towards 45 sen, followed by 48 sen.
“However, a fall below the 39 sen support level would kick off downward movement,” the research house said.