RHB Retail Research
Trading Stocks - Binasat Communications
Binasat Communication is staging a breakout from the MYR0.39 resistance level – jumping with a higher trading volume. We believe the bullish momentum is gaining traction and may extend the stock towards the next resistance level at MYR0.42, followed by MYR0.445. Meanwhile, a downward breach of the MYR0.37 support will negate this expectation.
Source: RHB Securities Research - 5 Jan 2021
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