Rakuten Trade Research Reports
Technical View - Bahvest Resources Bhd (BAHVEST, 0098)
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Publish date: Fri, 24 Jan 2020, 09:29 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 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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