Eversafe Rubber (0190) Eversafe Rubber consolidated and is poised to test the RM0.355 resistance level. With its 21-day moving average in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.375 and RM0.39. The downside support is projected at RM0.32. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.355

Target: RM0.375, RM0.39 (time frame: 2-4 weeks)

Exit: RM0.32
 

Source: AmInvest Research - 10 Sept 2021