RHB Retail Research: HeveaBoard shows signs of strong upward move

RHB Retail Research says HeveaBoard Berhad formed a third consecutive white candle to extend its rebound off the 21-day SMA line, indicating a strong possibility of its upward move resuming.

In a trading note, the research house says a positive bias may emerge above MYR0.455, with resistance points eyed at MYR0.49, followed by MYR0.515.

A stop-loss below MYR0.455 is recommended.

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