Technical Buy - BAHVEST (0098) - PublicInvest Research

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Author: PublicInvest | Latest post: Mon, 18 Jan 2021, 11:45 AM

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Technical Buy - BAHVEST (0098)

Author: PublicInvest | Publish date: Tue, 7 Apr 2020, 9:30 AM

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

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Labels: BAHVEST

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Chart	Stock Name	Last	Change	Volume
	BAHVEST	0.57	+0.02 (3.64%)	5,622,800

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