AmInvest Research Reports
Stocks on Radar - Ekovest (8877)
AmInvest
Publish date: Wed, 27 Nov 2019, 08:53 AM
AmInvest
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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)
Ekovest has rebounded from its low to test the immediate resistance level of RM0.845. With a rising RSI, a bullish bias may be present above this mark with target prices of RM0.90 and RM0.95. In this case, the immediate support is anticipated at RM0.795, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.845
Target: RM0.90, RM0.95 (time frame: 3-6 weeks)
Exit: RM0.795
Source: AmInvest Research - 27 Nov 2019
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