Bahvest Resources jumped and touched the resistance level RM0.455. With the RSI indicator pointing upwards, coupled with higher trading volume, we foresee that there could be a technical breakout from the resistance level. If this happens, it will move towards the short-term target prices of RM0.47 and RM0.50. The downside support is anticipated at RM0.39, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.455

Target: RM0.47, RM0.50 (time frame: 2-4 weeks) Exit: RM0.39

Source: AmInvest Research - 12 Jun 2020