RHB Retail Research
Trading Stocks - Bahvest Resources
Bahvest Resources may climb higher after it recently breached above the MYR0.58 threshold. As the 21-day SMA line is likely to turn higher, this is an indication of a positive sign. A positive bias may emerge above the MYR0.58 level, with an exit set below the MYR0.55 threshold. Towards the upside, the immediate resistance is at the MYR0.645 mark. This is followed by the MYR0.70 level.
Source: RHB Securities Research - 31 Jan 2020
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