Ekovest broke past the resistance price of RM0.80 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM0.84 followed by RM0.88. If it dips below RM0.80, expect a sideway consolidation again. Support is anticipated at RM0.76, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.80

Target: RM0.84, RM0.88 (time frame: 3-6 weeks)

Exit: RM0.76

Source: AmInvest Research - 21 Nov 2019