Rakuten Trade Research Reports
Technical View - Evergreen Fibreboard Bhd (EVERGRN, 5101)
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Publish date: Tue, 11 Aug 2020, 09:59 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Evergreen Fibreboard Bhd (5101)
• EVEGREN closed 7.5% or 1.5 sen higher to RM0.215 yesterday.
• Chart-wise, recent trading activities suggest stronger buying momentum with rising trading volume and upward movement in key technical indicator RSI. With share price trading above key moving averages, we expect share price to trend higher.
• From here, resistance levels are expected at RM0.235 (R1) and RM0.270 (R2).
• On the contrary, support levels are seen at RM0.180 (S1) and RM0.145 (S2).
Source: Rakuten Research - 11 Aug 2020
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