Bahvest Resources is expected to move away from its multi week consolidation phase after it attempted to break above the immediate resistance on strong volume yesterday. With that, the bulls may retest the MYR0.51 immediate resistance level. If it crosses this level, the stock may climb towards the next resistance at MYR0.53, followed by MYR0.555. This expectation would be cancelled if it drops below the MYR0.49 support level.

Source: RHB Securities Research - 18 May 2021