Eco World Development gapped up to test the RM0.95 resisitance level. With a healthy RSI level, it may breach above this mark with a target price of RM1.01. Meanwhile, it may continue to consolidate sideways if it fails to cross above the RM0.95 mark. In this case, the immediate support is anticipated at RM0.91, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.95

Target: RM1.01 (time frame: 3-6 weeks)

Exit: RM0.91

Source: AmInvest Research - 2 Apr 2019