Ekovest may soon test the RM0.81 resistance level. With a neutral RSI level, a bullish bias may be present above this mark with a target price of RM0.91 and RM1.00. Meanwhile, it may continue moving sideways if it fails to cross the RM0.81 mark in the near term. In this case, the immediate support is anticipated at RM0.715, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.81

Target: RM0.91, RM1.00 (time frame: 3-6 weeks)

Exit: RM0.715

Source: AmInvest Research - 7 Jun 2019