EVERGRN ( 5101 : 1.17 ) : Technical rebound

EVERGRN ( 5101 : 1.17 ) : Technical rebound

Description

Resistance

: 1.24 1.30

Support

: 1.11

RSI of 26

RSI is oversold

STOCHASTIC

It is on base forming

TREND INDICATOR.

Down

Comment

It is likely to have bottomed out at the recent low of 1.13, which is a Fibonacci support. A technical rebound

is likely to 1.24 is likely. Resistance is at 1.30

Trading Strategy

Buy. Stop loss is at 1.11

Disclaimer