HLIB Retail Research – 27 May - Bullish Tracker:
EVERGREEN : Main market, Wood Products
Grossly oversold, expecting technical rebound
HLIB Target Price: RM0.95
A good proxy as beneficiary of strong USD, expecting better earning performances and higher dividend payout.
Entry: RM0.61-0.63
Stop Loss: RM0.58
Resistance: RM0.635-0.655-0.705
Target price: RM0.655-0.705
Risk profile: Moderate
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