Possible for sideways breakout. BAHVEST is staging a potential breakout from its congestion phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.440 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.460.
However, failure to hold on to support level of RM0.405 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 1 Apr 2022