Boustead is a stock to watch for rebound after pulling back from a high of 1.955 last month. Uptrend still intact as 200 DAY MA line is still gently sloping upwards and counter has been forming higher lows since September last year above channel support line all athese while. Has also just broke above the 20 day short term MA LINE today morning. Immediate resistance at 1.90 then 1.955….. Break above 1.96 can see it go to 2.00 fast. RSI just started pointing upwards and stochastic signal favourable.
Stop loss wider at 1.78.
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