RHB Retail Research: Boustead Plantations indicates signs of extending rebound

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.

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