Sunday 05 May 2024
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KUALA LUMPUR (Oct 6): RHB Retail Research said Boustead Plantations Bhd has renewed its bullish momentum as it surpassed the 63 sen immediate resistance on high volume – printing a long white candlestick.

In a trading stocks note on Wednesday, the research house said if the breakout sustains, the bulls may propel the stock towards the nearest resistance of 68.5 sen – before possibly hitting the multi-month high of 77.5 sen.

“However, falling below the 60 sen support may trigger a downtrend,” it said.

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