RHB Investment Research Reports
Trading Stocks - Eco World Development Group
rhbinvest
Publish date: Fri, 22 Sep 2023, 09:31 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Eco World Development Group is poised for a technical breakout, as it bounced off the 21-day SMA line, testing the MYR1.10 resistance level yesterday. If a breakout above that level happens, the stock may climb towards the 2-year high at MYR1.25, followed by the next resistance of MYR1.35. Towards the downside, breaching below the MYR1 support will negate the bullish setup.
Source: RHB Securities Research - 22 Sept 2023
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