RHB Retail Research
Trading Stocks - Binasat Communications
Binasat Communications has been developing a sideways consolidation phase over the past 1.5 weeks – above the 21- day SMA line – following its prior upward move. An upside breach of the MYR0.375 resistance could see the stock moving towards the MYR0.425 and MYR0.45 resistance levels. A downside breach of MYR0.36 would invalidate this price forecast.
Source: RHB Securities Research - 24 Nov 2020
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