Technical Stockpick - Th Plantations Bhd
Mon, 14-Oct-2024 07:12 am
by Kenneth Leong • Apex Research

THPLANT (5112)
Last Price (RM)
0.605
Resistance (RM)
R1 — 0.64 / R2 — 0.65
Support (RM)
S1 — 0.585

Technical Commentary: The correction phases appears to have reached tail end as price found stability in late September. Price rebounded to stay afloat above EMA9 in recent week. For now, traders may anticipate for a potential breakout above RM0.615 to target the next resistances located at RM0.64-0.65. Downside wise, support is envisaged at RM0.585.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.166777 4.199913
EUR 4.811011 4.820428
CNY 0.586842 0.587429
HKD 0.535790 0.540066
SGD 3.190939 3.216443