RHB Retail Research
Technical Analysis - BP Plastics
BP Plastics may trend higher after it formed a long white candle and breached above the MYR1.10 threshold. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR1.10 level, with an exit set below the MYR1.06 level. Towards the upside, the immediate resistance is at MYR1.22. This is followed by the MYR1.28 level
Source: RHB Securities Research - 5 Dec 2018
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