RHB Retail Research says Boustead Plantations Berhad continued to show signs of extending its rebound by crossing above the MYR0.38 resistance following the recent retesting of the 21-day SMA line.
In a trading note, the research house says a positive bias may emerge above MYR0.38, with the subsequent resistance points pegged at MYR0.40 followed by MYR0.415.
A stop-loss can be placed below MYR0.38.
