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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Thu, 5 Dec 2019, 9:25 AM

 

Technical View - Econpile Holdings Bhd (ECONBHD, 5253)

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Econpile Holdings Bhd (5253)

• ECONBHD rose 4.5% or 3.5 sen to RM0.81 yesterday.

• Chart-wise, share price has been on a positive run since mid-Oct and yesterday’s close sent the price to break above all key moving averages. From here, we expect buying momentum to continue.

• Resistance levels are identified at RM0.825 (R1) and RM0.88 (R2).

• Conversely, support levels can be identified at RM0.73 (S1) and RM0.69 (S2).

Source: Rakuten Research - 20 Nov 2019

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Labels: ECONBHD

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ECONBHD 0.775 0.00 (0.00%) 4,595,400 

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