Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Mon, 6 Jul 2020, 6:39 PM


Technical View - Boustead Plantation Bhd (BPLANT, 5254)

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Boustead Plantation Bhd (5254)

• BPLANT gained 5.2% or 1.5 sen to RM0.30 on Wednesday.

• Wednesday’s active trading indicates buying interest on the stock. In view of the upward momentum of its key technical indicator RSI, share price is likely to trend higher.

• From here, resistance levels are expected at RM0.40 (R1) and RM0.48 (R2).

• On the downside, support levels are identified at RM0.25 (S1) and RM0.20 (S2).

Source: Rakuten Research - 8 May 2020

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Labels: BPLANT

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