Econpile shot up and formed a long white candle in its latest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM0.665. If this happens, its short term target price will be RM0.765 followed by RM0.84. Support price is anticipated at RM0.59, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.665

Target: RM0.765, RM0.84 (time frame: 3-6 weeks)

Exit: RM0.59

Source: AmInvest Research - 8 May 2019