PublicInvest Research

Author: PublicInvest   |   Latest post: Mon, 14 Jun 2021, 10:51 AM


Technical Buy - BPLANT (5254)

Author:   |    Publish date:

  • Target Price: RM0.480, RM0.525
  • Last closing price: RM0.450
  • Potential return: 6.6%, 16.6%
  • Support: RM0.425
  • Stop Loss: RM0.400

Possible for further upside. BPLANT is attempting to pick up its prior uptrend. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.480 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.525.

However, failure to hold on to support level of RM0.425 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 15 Sept 2020

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Labels: BPLANT

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Chart Stock Name Last Change Volume 
BPLANT 0.58 +0.01 (1.75%) 1,808,900 

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