Eversafe Rubber edged up and touched the RM0.325 resistance level. With its RSI indicator trading upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.345, followed by RM0.36. The downside support is marked at RM0.30. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout R0.325
Target: RM0.345, RM0.36 (time frame: 2–4 weeks)
Exit: RM0.30
Source: AmInvest Research - 14 Jul 2021
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Created by AmInvest | Nov 25, 2024
Created by AmInvest | Nov 21, 2024