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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 13 Jan 2021, 6:07 PM

 

Technical View - Bahvest Resources Bhd (BAHVEST, 0098)

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Bahvest Resources Bhd (0098)

• BAHVEST rose 3.6% or 2 sen to close at RM.0.57 yesterday.

• Technically, key momentum indicators are displaying encouraging signs as yesterday’s move also marked a positive candle supported by higher trading volume. As such, we expect share price to trend higher towards the RM0.60 level.

• Resistance levels are expected at RM0.60 (R1) and further to RM0.65 (R2).

• Conversely, downside support levels can be expected at RM0.50 (S1) and RM0.44 (S2).

Source: Rakuten Research - 24 Jan 2020

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Labels: BAHVEST

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Chart Stock Name Last Change Volume 
BAHVEST 0.555 +0.005 (0.91%) 2,427,100 

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