Rakuten Trade Research Reports
Technical View - Evergreen Fibreboard Bhd
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Publish date: Wed, 06 Apr 2022, 05:11 PM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Evergreen Fibreboard Bhd (EVERGRN, 5101)
• Share price closed 1.3% higher at RM0.775 on Monday.
• EVERGRN has been trading on a steep uptrend since mid of March. Since then, its share price is also trading above all its key moving averages.
• Provided the uptrend movement continues, its share price is expected to move higher from its uptrend line which acts as its support.
• Resistance levels are identified at RM0.79 (R1) and RM0.80 (R2).
• On the flipside, support levels are pegged at RM0.76 (S1) and RM0.73 (S2).
Source: Rakuten Research - 6 Apr 2022
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