Eversafe Rubber formed a white “Marubozu” candle to cross above the MYR0.395 resistance mark after bouncing off from the recent pullback. A positive momentum has emerged above this level to propel the stock towards the historical high of MYR0.435 before printing a new “higher high” at MYR0.50. Meanwhile, breaking below the MYR0.36 support will cancel this expectation.
Source: RHB Securities Research - 4 Aug 2021
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Created by rhboskres | Aug 26, 2024