Evergreen Fibreboard is poised to resume its uptrend movement after it bounced off strongly yesterday following the previous session’s pullback. If the bullish momentum persists and breaks past the MYR0.735 resistance level, the stock may propel further towards the MYR0.92 next resistance before reaching the MYR1.00 psychological level. If it falls below the support level of MYR0.655, the stock will likely move downwards, negating yesterday’s rebound.

Source: RHB Securities Research - 8 Apr 2022