EPMB (7773): EP MANUFACTURING BHD resuming its uptrend, says RHB Retail Research

EPMB (7773): EP MANUFACTURING BHD resuming its uptrend, says RHB Retail Research

KUALA LUMPUR (Dec 17): RHB Retail Research said EP Manufacturing Bhd is resuming its uptrend, eyeing towards the 52-week high level as it breached the RM1.12 nearest resistance on improved trading volume – printing a “White Marubozu” bullish candlestick.

In a trading stocks note today, the research house said that coupled with the “higher high” bullish pattern, the positive momentum may persist to propel it towards RM1.31 or 52-week high, followed by the RM1.40 threshold.

“This expectation will be nullified if it falls below the RM1.01 support level, ie below the 21-day average line,” it said.

http://www.theedgemarkets.com/article/ep-manufacturing-resuming-its-uptrend-says-rhb-retail-research