Highlights / Stock Picks of the Day - Highlights / Stock Picks of the Day

BAHVEST has been on an uptrend since mid of 2012. The share price has been very resilient to the sell-down in the overall market earlier this month. In fact, following yesterday's 6.5 sen surge (89.5 sen), the share price has risen above its pre-selldown high. BAHVEST formed a bullish "Marubozu" candlestick yesterday, reflecting the dominant buying force throughout the trading session. With the bullish move yesterday, we reckon that the BAHVEST is well positioned to resume its uptrend. So far, the Fibonacci Projection levels have been effective in predicting supports and resistance for the stock; hence, we reckon that the 95 sen and RM1.00 levels should be the likely immediate targets. Meanwhile, the support levels can be found at 77.5 sen and 75.5 sen.

Source: Kenanga