Rakuten Trade Research Reports
Technical View - Boustead Plantations Bhd (BPLANT, 5254)
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Publish date: Thu, 28 May 2020, 10:21 AM
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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 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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