RHB Retail Research
Technical Analysis - Evergreen Fibreboard
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Evergreen Fibreboard may move higher after it continued holding above the MYR0.445 support. The stock has posted a long white candle above the 21-day SMA line, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.50 level, with an exit set below the MYR0.445 threshold. Towards the upside, the near-term resistance is at MYR0.57. This is followed by the MYR0.63 level.
Source: RHB Securities Research - 23 Jul 2018
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