Eco World International has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM0.65, with a target price of RM0.675 followed by RM0.70. On the downside, support price is anticipated at RM0.625 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.65

Target: RM0.675, RM0.70 (time frame: 3-6 weeks)

Exit: RM0.625

Source: AmInvest Research - 6 Sept 2019