AmInvest Research Reports
Stocks on Radar - Eco World Development Group (8206)
AmInvest
Publish date: Fri, 18 Oct 2019, 08:44 AM
AmInvest
0 9,057
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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 Group was testing the RM0.68 level during its intraday high. With the momentum indicator RSI above 50%, there is a possibility it will break above RM0.68, and move towards the target prices of RM0.73 and RM0.77. The immediate support is anticipated at RM0.64, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy upon breakout above RM0.68
Target: RM0.73, RM0.77 (time frame: 3-6 weeks)
Exit: RM0.64
Source: AmInvest Research - 18 Oct 2019
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