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Rakuten Trade Research Reports

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

 

Technical View - Boustead Plantation Bhd

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Boustead Plantation Bhd (5254)

• BPLANT closed 5.5% or 3 sen to RM0.58 yesterday.

• Share price formed a positive breakout yesterday after a short period of consolidation. Coupled with upward movement from the key momentum indicators, this could suggest the buying strength is likely to be extended.

• From here, resistance levels are projected at RM0.61 (R1) and further to RM0.685 (R2).

• For downside, support levels are identified at RM0.55 (S1) and RM0.50 (S2).

Source: Rakuten Research - 17 Feb 2021

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Labels: BPLANT

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Chart Stock Name Last Change Volume 
BPLANT 0.57 -0.005 (0.87%) 2,333,500 

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