Highlights

AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 25 Nov 2020, 5:44 PM

 

Stocks on Radar - BP Plastics Holding (5100)

Author:   |    Publish date:


BP Plastics Holding is consolidating and poised to test the RM1.44 resistance level. With the 21-day moving average pointing upwards, coupled with higher trading volume, we think that there’s a possibility it will break out from the resistance soon. If this happens, expect the bullish momentum to travel towards the short-term target price of RM1.49 followed by RM1.54. In this case, the downside support is marked at RM1.35, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.44
Target: RM1.49, RM1.54 (time frame: 2-4 weeks)
Exit: RM1.35

Source: AmInvest Research - 28 Jul 2020

Share this
Labels: BPPLAS

Related Stocks

Chart Stock Name Last Change Volume 
BPPLAS 1.53 0.00 (0.00%) 256,400 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

563  481  588  543 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 EAH 0.03-0.005 
 SAPNRG 0.125+0.01 
 AT 0.17+0.015 
 KGROUP-WC 0.020.00 
 KANGER 0.180.00 
 ARMADA 0.29+0.02 
 KGROUP 0.0550.00 
 VSOLAR 0.0450.00 
 KNM 0.21+0.015 
 HIBISCS 0.62+0.03 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS