KUALA LUMPUR (Oct 6): RHB Retail Research said Boustead Plantations Bhd has renewed its bullish momentum as it surpassed the 63 sen immediate resistance on high volume – printing a long white candlestick.

In a trading stocks note today, the research house said if the breakout sustains, the bulls may propel the stock towards the nearest resistance of 68.5 sen – before possibly hitting the multi-month high of 77.5 sen.

“However, falling below the 60 sen support may trigger a downtrend,” it said.