- Target Price: RM0.420, RM0.450
- Last closing price: RM0.380
- Potential return: 10.5%, 18.4%
- Support: RM0.360
- Stop Loss: RM0.310
Possible for uptrend continuation. BAHVEST is riding on its uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.420 be broken, it may continue to lift price higher to subsequent resistance level of RM0.450.
However, failure to hold on to support level of RM0.360 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 7 Apr 2020