RHB Retail Research
Trading Stocks - BP Plastics Holding
BP Plastics Holding is staging a strong uptrend reversal after it bounced off from below to above its previous breakout level of MYR1.76 recently. A bullish momentum may accelerate above this level to boost the stock towards the historical high of MYR2.01 before entering uncharted territory to print its new high of MYR2.20. Meanwhile, breaching below the MYR1.69 support will nullify this expectation.
Source: RHB Securities Research - 5 Aug 2021
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