BP Plastics may trend higher after it surged to a new 52-week high and closed above the RM1.30 resistance yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM1.30 level with stop-loss set at RM1.22, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.42, followed by RM1.53.
Entry : RM1.30–1.33
Target : RM1.42, RM1.53
Exit : RM1.22
Source: AmInvest Research - 14 Mar 2024
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Created by AmInvest | Dec 20, 2024
Created by AmInvest | Dec 19, 2024