Rakuten Trade Research Reports
Technical View - Boustead Plantation Bhd (BPLANT, 5254)
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Publish date: Fri, 08 May 2020, 01:00 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Boustead Plantation Bhd (5254)
• BPLANT gained 5.2% or 1.5 sen to RM0.30 on Wednesday.
• Wednesday’s active trading indicates buying interest on the stock. In view of the upward momentum of its key technical indicator RSI, share price is likely to trend higher.
• From here, resistance levels are expected at RM0.40 (R1) and RM0.48 (R2).
• On the downside, support levels are identified at RM0.25 (S1) and RM0.20 (S2).
Source: Rakuten Research - 8 May 2020
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