EP Manufacturing Bhd (EPMB, 7773)

• Share price closed 11.3% higher at RM1.18 on Thursday.

• EPMB is forming a rounding bottom and trading above all its key moving averages. It is also currently trading at an uptrend line which is formed with higher lows.

• Coupled with upticks in its indicators and MACD bullish crossover, share price is poised to move higher.

• Resistance levels are identified at RM1.24 (R1) and RM1.31 (R2).

• On the flipside, support levels are pegged at RM1.03 (S1) and RM0.91 (S2).

Source: Rakuten Research - 17 Dec 2021