Bina Darulaman is likely to print a new 52-week high, as it rebounded from the intraday low on Friday to close on a strong positive note – while eyeing the resistance level of MYR0.825, which is also the 52-week high. If it manages to push past that threshold, the bulls may propel the stock towards the MYR0.90 mark, followed by the psychological level of MYR1.00. In the event that it falls below the MYR0.73 support or the Friday’s low support point, selling pressure may emerge to nullify the recent rebound.

Source: RHB Securities Research - 7 Mar 2022