KUALA LUMPUR (Oct 11): RHB Retail Research said Binasat Communications Bhd may rebound further after it tested the 27 sen support in its latest session.

In a trading stocks note today, the research house said given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced.

“A positive bias may emerge above the 29 sen level, with an exit set below the 27 sen threshold.

“Towards the upside, the immediate resistance is at the 33.5 sen mark. This is followed by the 36 sen level,” it said.