RHB Retail Research
Trading Stocks - Evergreen Fibreboard
Evergreen Fibreboard is poised to move past its consolidation phase of MYR0.45 as it attempted to surpass that level recently, while retracing mildly with tapering volume. If it crosses above that level, it may hit the MYR0.475 resistance, before possibly reaching the 8-month high level of MYR0.515. However, falling below the MYR0.42 support – beneath the 21-day average line – may see the stock descending further.
Source: RHB Securities Research - 6 Dec 2021
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