VCP SETUP BPLANTprofits in previous 2 quarter reports.Price just break above the horizontal line with higher than average volume.
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About BOUSTEAD PLANTATIONS BHD
Sector
Process Industries
Industry
Agricultural Commodities/Milling
CEO
Fahmy bin Ismail
Website
bousteadplantations.com.my
Headquarters
Petaling Jaya
Employees
5.154K
Founded
1946
ISIN
MYL5254OO007
Boustead Plantations Bhd. is an investment holding company, which engages in the operation of palm oil plantation. It also provides plantations consultancy. The firm operates through the Plantation and Others business segments. The Plantation segment involves the cultivation of oil palms and production of crude palm oil and palm kernel. The Other segment includes plantations consultancy and investing activities. The company was founded on July 4, 1946 and is headquartered in Petaling Jaya, Malaysia.
BO pennant PatternSome of the plantation stocks share the same price movement. Breakout the neckline of the double bottom pattern. then consolidate for a while. The price is still maintained at 10 MA. Meanwhile, for Bplant, it creates a Pennant flag pattern. Buy signal if it breaks that pattern.
Post-Trade Analysis12% profit
-price dah sampai 15% dari BO place & 13% from top
-ADR (volatility),
drop from green to red line (range 2.5 - 2.9)
indicate supply = demand
-RSI>50 = strong uptrend momentum
-RS>0 = strong stocks compared to FBMKLCI
characteristics:
1st drop < 35%, last low cheat < 15% from top
monitor
VCP SETUP BPLANT2 quarters has shown positive sales and profits.Price forming VCP setup.Looks for break above the horizontal line with high volume
BPLANT IN BULLISH ABCD HARMONIC PATTERNProbable EP at 0.640 to retest fibo618.
Probable TP at 0.730 supply zone resistance.
Probable CL at 0.605, that is, below fibo786.
Key points: rebounded at wave D at EMA200.
Critical yearly pivot to cross is 0.645.
#bplant A leader in plantation stocksA leader in plantations counter.
After a swing high of 66 cents from covid low, a buying climax is seen with subsequent change of stride. A change in character ensues with subsequent range formation. The range has reaccumulation bias as prices expands with each rallies and contracts with reactions.
BPLANT TECHNICAL ANALYSISTechnical analysis for BPLANT Stock based on Trend Analysis, Chart Pattern and VPA
BPLANT is coming???MYX:BPLANT
On June 26, 2021 - BPLANT closed above the orange and blue lines. With the green line and the red line getting closer to the intersection, the MACD has crossed and the Stochastic value is above 60, as a hint to the uptrend phase.
BOUSTEAD PLANTATIONS created CUP WITH HANDLEDisclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
BPLANT AnalysisDisclaimer: This is not a buy call but for learning purpose
Technical analysis
Volume spikes.
Price around minor support and major trendline.
See all ideas
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