Technical Stockpick -  Th Plantations Bhd
Thu, 28-Nov-2024 07:20 am
by Amir Hamdan • Apex Research

THPLANT (5112)
Last Price (RM)
0.66
Resistance (RM)
R1 — 0.70 / R2 — 0.72
Support (RM)
S1 — 0.64

Technical Commentary: 

Price is on the uptrend formation following the rally since September 2024. Following the recent pullback, price staged a rebound and recovered above EMA120 in recent days. For now, traders may anticipate for a potential flag-formation breakout above RM0.675 to target the next resistances located at RM0.70 RM0.72. Downside wise, support is pegged at RM0.64

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.436869 4.470612
EUR 4.675505 4.679374
CNY 0.611103 0.611560
HKD 0.570272 0.574102
SGD 3.296965 3.319254