RHB Retail Research
Trading Stocks - Binasat Communications
At the time of writing, Binasat Communications was holding below the MYR0.38 threshold recently. A bullish bias may be present above this point with a target price of MYR0.42, followed by MYR0.465. The stock may take a breather if it cannot breach the MYR0.38 mark decisively in the coming sessions. Support may be found at MYR0.335, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 9 Jan 2020
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