Boustead Plantations is poised to resume its uptrend rebound as it attempted to move past the 21-day average line and also the immediate resistance of MYR1.07. If the stock manages to bounce above the immediate resistance, it may travel towards the next resistance of MYR1.14, followed by MYR1.22, which is the 52-week high. Meanwhile, a fall below the next support level of MYR0.995 may trigger the resumption of a downward correction, below the average line.

Source: RHB Securities Research - 29 Mar 2022