RHB Retail Research
Technical Analysis - Evergreen Fibreboard
Evergreen Fibreboard crossed above the MYR0.50 threshold and the 30-day SMA line yesterday, suggesting there is a positive follow-up from 13 Nov’s “Bullish Engulfing” formation. A positive bias may emerge above this threshold. The following resistance is set at MYR0.58, followed by MYR0.625. Investors can set a stop-loss below the MYR0.50 point.
Source: RHB Securities Research - 15 Nov 2018
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