RHB Retail Research
Trading Stocks - Evergreen Fibreboard
Evergreen Fibreboard is poised to rebound higher as it bounced off the support, and headed towards the MYR0.485 immediate resistance on improved volume yesterday. If it manages to breach above that level, the emergence of a bullish momentum should drive the stock towards the 52-week high of MYR0.53, followed by the MYR0.60 threshold. However, falling below the MYR0.45 support may see the stock descending further.
Source: RHB Securities Research - 22 Dec 2021
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