Bahvest Resources may rebound higher after it continued holding above the MYR0.50 support. Last Friday’s white candle sent the stock to its 6-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.54 level, with an exit set below the MYR0.50 threshold. Towards the upside, the immediate resistance is at the MYR0.575 mark. This is followed by the MYR0.605 level.
Source: RHB Securities Research - 4 Nov 2019
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Created by rhboskres | Aug 26, 2024