AmInvest Research Reports

Stocks on Radar - Eco World Development Group (8206)

AmInvest
Publish date: Wed, 07 Aug 2019, 09:07 AM
AmInvest
0 9,391
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Eco World Development printed a long white candle to test the RM0.79 resistance in its latest session. With a rising RSI, there is a possibility it will break above the resistance level and move towards target price of RM0.85 and RM0.91. If it fails to cross above RM0.79, expect a sideway consolidation movement. Support is anticipated at RM0.73, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.79

Target: RM0.85, RM0.91 (time frame: 3-6 weeks)

Exit: RM0.73

Source: AmInvest Research - 7 Aug 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment