Binasat Communications Bhd (BINACOM, 0195)
• Share price closed 2.6% higher at RM0.39 on Friday.
• BINASAT closed above all its key moving averages. There is a golden MACD crossover in its MACD indicator.
• Backed by upticks in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM0.430 (R1) and RM0.465 (R2).
• On the flipside, support levels are pegged at RM0.380 (S1) and RM0.365 (S2).
Source: Rakuten Research - 1 Nov 2021
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