Evergreen Max Cash Capital is currently experiencing a sideways consolidation, with an upside potential in the coming sessions as it attempted to rebound towards the MYR0.42 resistance recently on strong volume. A breakout above this level could signal increased buying pressure, potentially lifting the stock towards the MYR0.44 immediate resistance, followed by the next resistance at MYR0.465. Conversely, a decline below the MYR0.40 support would negate the bullish setup.

Source: RHB Securities Research - 9 Feb 2024