KUALA LUMPUR (Apr 18): RHB Retail Research said Binasat Communications Bhd may rise higher after breached above 43 sen threshold and hitting its 1-month high.

In a trading stocks note today, the research house said in view that the 21-day SMA line would likely begin turning upwards, this is an indication of a positive sign.

“A bullish bias may emerge above the 43 sen level, with an exit set below the 35.5 sen threshold.

“Towards the upside, the immediate resistance is at 49 sen. This is followed by the 52 sen level,” it said.