RHB Retail Research

Trading Stocks - Boustead Holdings

Publish date: Fri, 18 Feb 2022, 10:05 AM
0 9,020
RHB Retail Research

Boustead Holdings is set to continue its recent rally as it bounced higher yesterday after retracing on Tuesday. The reemergence of the bulls above the MYR0.57 support is expected to drive the stock towards the MYR0.615 resistance – Oct 2021’s high – followed by the next resistance level of MYR0.63. In the event it drops below the MYR0.55 support, the bullish momentum may lose steam and cause the stock to head south.

Source: RHB Securities Research - 18 Feb 2022

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