Rakuten Trade Research Reports
Technical View - EP Manufacturing Bhd (EPMB, 7773)
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Publish date: Fri, 27 May 2022, 11:01 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
• Share price closed 5.8% higher at RM1.10 on Thursday.
• EPMB broke out from the neckline of its cup and handle formation yesterday with higher trading volume. It has also managed to trade above all its key moving averages yesterday.
• Coupled with upticks in its indicators and bullish MACD indicator, its share price is expected to continue its rebound movement.
• Resistance levels are identified at RM1.24 (R1) and RM1.40 (R2).
• On the flipside, support levels are pegged at RM1.05 (S1) and RM0.920 (S2).
Source: Rakuten Research - 27 May 2022
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