- Target Price: RM0.290, RM0.330
- Last closing price: RM0.255
- Potential return: 13.7%, 29.4%
- Support: RM0.240
- Stop Loss: RM0.220
Possible for rebound. BAHVEST is potentially poised for further technical rebound after undergoing substantial downtrend. Should its immediate gap-down window be successfully sealed with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.290 and RM0.330.
However, failure to hold on to support level of RM0.240 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 18 Mar 2020