Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 4 Jun 2021, 4:49 PM


Technical View - Boustead Plantations Bhd (BPLANT, 5254)

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Boustead Plantations Bhd (5254)

• BPLANT closed 1.49% or 0.5 sen higher to RM0.34 yesterday.

• Recent trading activities have seen increasing buying momentum on the back of higher volume indicating bullish bias. Chart-wise, share price is likely to stage a breakout heading above the RM0.40 level.

• From here, resistance levels are found at RM0.370 (R1) and RM0.425 (R2).

• On the contrary, support levels are seen at RM0.275 (S1) and RM0.200 (S2).

Source: Rakuten Research - 28 May 2020

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Labels: BPLANT

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