Rakuten Trade Research Reports
Technical View - Bahvest Resources Bhd (BAHVEST, 0098)
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Publish date: Wed, 24 Jul 2019, 09:33 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Bahvest Resources Bhd (0098)
- BAHVEST ended 0.5 sen or 0.8% lower to RM0.62 yesterday.
- Share price seems to have found its support at current level while key stochastics momentum indicator is signalling an oversold state. With the gold price hitting all time high, we expect buying interest of BAHVEST to emerge and stage a rebound from current level.
- As such, resistance levels are identified at RM0.65 (R1) and further to RM0.70 (R2).
- On the contrary, support levels are expected at RM0.61 (S1) and RM0.58 (S2).
Source: Rakuten Research - 24 Jul 2019
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