Bahvest Resources’ upside move may persist after it continued holding above the rising 21-day SMA line. Last Friday’s white candle can be viewed as a continuation of the bulls extending the buying momentum from 4 Mar’s upside gap. A positive bias may appear above the MYR0.62 level, with an exit set below the MYR0.565 threshold. Towards the upside, the near-term resistance is at MYR0.71. This is followed by the MYR0.75 level.

Source: RHB Securities Research - 11 Mar 2019