Binasat Communications may move higher after it continued holding above the MYR0.37 support. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.40 level, with an exit set below the MYR0.37 threshold. Towards the upside, the near-term resistance is at MYR0.44. This is followed by the MYR0.465 level.

Source: RHB Securities Research - 30 Jan 2019