Binasat has likely completed bottombuilding process, says RHB Retail Research

Binasat has likely completed bottombuilding process, says RHB Retail Research
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KUALA LUMPUR (Sept 2): RHB Retail Research said Binasat Communications Bhd has likely completed its bottombuilding process as it formed a white candle to cross above the 21-day SMA line and 39 sen threshold.

In a trading stocks note today, the research house said a positive bias may emerge above 39 sen with resistance levels eyed at 42.5 sen and 45 sen.

“A stop-loss can be placed below 39 sen,” it said.