RHB Investment Research Reports
Trading Stocks - Evergreen Max Cash Capital
rhbinvest
Publish date: Fri, 09 Feb 2024, 04:06 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Evergreen Max Cash Capital is currently experiencing a sideways consolidation, with an upside potential in the coming sessions as it attempted to rebound towards the MYR0.42 resistance recently on strong volume. A breakout above this level could signal increased buying pressure, potentially lifting the stock towards the MYR0.44 immediate resistance, followed by the next resistance at MYR0.465. Conversely, a decline below the MYR0.40 support would negate the bullish setup.
Source: RHB Securities Research - 9 Feb 2024
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