HeveaBoard may rise higher after forming a long white candle and hit its 9-month high on Friday. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.36 level, with stop-loss set at RM0.32, below the 18 Oct low. Towards the upside, near-term resistance level is seen at RM0.40, followed by RM0.43.

Entry : RM0.36–0.365

Target : RM0.40, RM0.43

Exit : RM0.32

Source: AmInvest Research - 20 Nov 2023