RHB Investment Research Reports
Trading Stocks - Bahvest Resources
rhbinvest
Publish date: Thu, 03 Aug 2023, 10:40 AM
rhbinvest
0 3,602
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Bahvest Resources is poised to trend higher, as it rebounded from the support, heading towards the MYR0.335 immediate resistance. If a breakout above that level happens, the bullish bias may drive the stock towards the MYR0.40 mark, followed by the MYR0.45 next resistance. Conversely, falling below the MYR0.29 support, below the SMA line, would dent sentiment and lead to a downtrend.
Source: RHB Securities Research - 3 Aug 2023
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