RHB Retail Research
Trading Stocks - Bina Darulaman
Bina Darulaman is moving away from a sideways consolidation phase, as it attempted to breach the immediate resistance of MYR0.60 on high volume yesterday. If a breakout occurs above that level, the bullish momentum should continue towards the MYR0.645 resistance, followed by the MYR0.70 next resistance – its 52-week high. Conversely, falling below the MYR0.555 support will cancel this expectation.
Source: RHB Securities Research - 21 Dec 2021
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