RHB Retail Research
Trading Stocks - Boustead Plantations
Boustead Plantations has renewed its bullish momentum as it surpassed the MYR0.63 immediate resistance on high volume – printing a long white candlestick. If the breakout sustains, the bulls may propel the stock towards the nearest resistance of MYR0.685 – before possibly hitting the multi-month high of MYR0.775. However, falling below the MYR0.60 support may trigger a downtrend.
Source: RHB Securities Research - 6 Oct 2021
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