RHB Retail Research
Trading Stocks - Evergreen Fibreboard
Evergreen Fbreboard’s advance was capped by the MYR0.30 resistance level, following the prior session’s sharp rebound. An upside breach of this resistance could signal the case for a rebound extension with subsequent resistance points eyed at MYR0.32 and MYR0.35. A downside breach of the MYR0.28 support would cancel this positive case.
Source: RHB Securities Research - 10 Nov 2020
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