RHB Retail Research
Trading Stocks - Binasat Communications
Binasat Communications was testing the MYR0.465 level in its latest session. A bullish bias may be present above this point, with a target price of MYR0.52, followed by MYR0.555. The stock may take a breather if it cannot breach above the MYR0.465 mark in the near term. Support may be found at MYR0.395, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 6 Mar 2020
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