Sunday 05 May 2024
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PublicInvest Research said Evergreen Fibreboard Bhd is staging a potential breakout of its current sideways formation.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of 22.5 sen be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of 24.5 sen,” it said.

 

 

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