RHB Retail Research
Trading Stocks - Boustead Plantations
Boustead Plantations continued to show signs of extending its rebound by crossing above the MYR0.38 resistance following the recent retesting of the 21-day SMA line. A positive bias may emerge above MYR0.38, with the subsequent resistance points pegged at MYR0.40 followed by MYR0.415. A stop-loss can be placed below MYR0.38.
Source: RHB Securities Research - 21 Jul 2020
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