HeveaBoard may trend higher after it surged to a 9-month high and closed above the RM0.52 resistance (February’s high)
yesterday. The stock also posted two long white candles in a row and broke out of the 2-week bullish flag pattern yesterday, likely
suggesting that the bullish momentum is strengthening further. A bullish bias may emerge above the RM0.52 level, with a stop
loss set at RM0.49, below 31 March’s low. On the upside, the near-term resistance level is seen at RM0.58, followed by RM0.60.
Entry : RM0.52–0.54
Target : RM0.58, RM0.60
Exit : RM0.49
 

Source: AmInvest Research - 1 Apr 2022