RHB Retail Research
Trading Stocks - Boustead Plantations
Boustead Plantations saw trading volume picking up in tandem with the rise of its share price. The bulls are eyeing the immediate resistance of MYR0.79. The bullish momentum has been accelerating on the back of strong trading volume. If the stock breaches the immediate resistance, the upside movement may extend towards MYR0.825, followed by MYR0.86. Conversely, falling below the MYR0.745 support would negate this expectation.
Source: RHB Securities Research - 10 Feb 2022
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