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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• 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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