RHB Retail Research
Trading Stocks - Bahvest Resources
Bahvest Resources may move higher after it breached above the MYR0.55 threshold. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.55 level, with an exit set below the MYR0.525 threshold. Towards the upside, the immediate resistance is at the MYR0.61 mark. This is followed by the MYR0.655 level.
Source: RHB Securities Research - 24 Jan 2020
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