Rakuten Trade Research Reports
Technical View - BP Plastics Holding Berhad
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Publish date: Thu, 18 Aug 2022, 12:26 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
BP Plastics Holding Berhad (BPPLAS, 5100)
• Share price closed 6.15% higher at RM1.38 on Wednesday.
• BPPLAS broke out from its resistance levels twice yesterday at RM1.31 and RM1.33 and formed a white marubozu candlestick. The indicators are also showing uptick momentum, therefore share price is expected to propel higher.
• Resistance levels are identified at RM1.44 (R1) and RM1.46 (R2).
• On the flipside, support levels are pegged at RM1.26 (S1) and RM1.23 (S2).
Source: Rakuten Research - 18 Aug 2022
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