RHB Retail Research
Trading Stocks - Evergreen Fibreboard
Evergreen Fibreboard is showing signs of breaking off from its consolidation phase after it attempted to break above the immediate resistance yesterday. If it manages to cross above the resistance level of MYR0.465, the bulls should be eyeing the resistance of MYR0.49, followed by MYR0.53. This expectation would be nullified if the MYR0.425 support fails.
Source: RHB Securities Research - 29 Mar 2021
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