AmInvest Research Reports

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


Stocks on Radar - BP Plastics Holding (5100)

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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

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Labels: BPPLAS

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

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