Rakuten Trade Research Reports
Technical View - Boustead Plantation Bhd
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Publish date: Wed, 17 Feb 2021, 06:16 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 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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