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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 25 Apr 2019, 10:18 AM

 

Technical Buy - ECONBHD (5253)

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  • Target Price RM0.540
  • Last closing price RM0.475
  • Potential return 13.6%
  • Support RM0.465
  • Stop Loss RM0.440

Possible for bottom fishing. ECONBHD is recovering from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to subsequent resistance level of RM0.540. However, failure to hold on to support level of RM0.465 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 11 Mar 2019

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Labels: ECONBHD

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Chart Stock Name Last Change Volume 
ECONBHD 0.68 -0.005 (0.73%) 12,339,600 

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