RHB Retail Research
Trading Stocks - Binasat Communications
Binasat Communications may rebound higher after it continued holding above the MYR0.455 support. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A positive bias may emerge above the MYR0.485 level, with an exit set below the MYR0.455 threshold. Towards the upside, the immediate resistance is at the MYR0.555 mark, followed by the MYR0.60 level
Source: RHB Securities Research - 26 Feb 2020
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