AmInvest Research Reports

Stocks on Radar - Evergreen Fibreboard (5101)

AmInvest
Publish date: Mon, 22 Apr 2019, 09:22 AM
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Evergreen Fibreboard has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the rising of momentum indicator RSI, there is a possibility it will break above the resistance of RM0.40, and move towards a target price of RM0.445 and RM0.485. Meanwhile, the immediate support is anticipated at RM0.36, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM0.40

Target: RM0.445, RM0.485 (time frame: 3-6 weeks)

Exit: RM0.36

Source: AmInvest Research - 22 Apr 2019

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