PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 12 Nov 2019, 9:48 AM


Technical Buy - BAHVEST-WA (0098WA)

Author:   |    Publish date:

  • Target Price: RM0.365, RM0.385
  • Last closing price: RM0.330
  • Potential return: 10.6%, 16.6%
  • Support: RM0.310
  • Stop Loss: RM0.295

Possible for upside. BAHVEST-WA is attempting to establish a new uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.335 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.365 and RM0.385. Note that the maturity date of BAHVEST-WA is on 20 Aug 2024.

However, failure to hold on to support level of RM0.310 may indicate weakness in the share price and hence, a cut-loss signal.

esearch - 22 Oct 2019

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Chart Stock Name Last Change Volume 
BAHVEST 0.505 -0.01 (1.94%) 2,707,000 

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