BP Plastics Holdings Bhd (BPPLAS, 5100)
• Share price closed 4.1% higher at RM1.53 on Wednesday.
• BPPLAS has just broken out from its consolidation phase and resistance level. It also started to close above all its key moving averages yesterday. We also noticed a bullish signal from its MACD indicator.
• Backed by upticks in its indicators plus breakout of resistance, BPPLAS is poised to move higher.
• Resistance levels are identified at RM1.58 (R1) and RM1.71 (R2).
• On the flipside, support levels are pegged at RM1.48 (S1) and RM1.43 (S2).
Source: Rakuten Research - 17 Feb 2022
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Created by rakutentrade | Aug 23, 2024