KUALA LUMPUR (Feb 10): RHB Retail Research said Boustead Plantations Bhd saw trading volume picking up in tandem with a rise in its share price. The bulls are eyeing the immediate resistance of 79 sen.
In a trading stocks note on Thursday (Feb 10), the research house said the bullish momentum had been accelerating on the back of strong trading volume.
“If the stock breaches the immediate resistance, the upside movement may extend towards 82.5 sen, followed by 86 sen.
“Conversely, falling below the 74.5 sen support would negate this expectation,” the research house added.