RHB Retail Research

Trading Stocks - EP Manufacturing

Publish date: Mon, 31 Jan 2022, 08:52 AM
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RHB Retail Research

EP Manufacturing is set for an uptrend reversal as it broke above the immediate resistance of MYR1.06 on strong volume – printing a “higher high” bullish structure. If the positive momentum persists, the bulls may travel towards the MYR1.17 resistance, then the MYR1.21 level. On the other hand, falling below the immediate support of MYR1.00 would trigger the resumption of a downward correction – below the average line.

Source: RHB Securities Research - 31 Jan 2022

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