Ekovest has retraced to its previous low with the immediate resistance at RM0.77. With a oversold scenario, it may rebound above the resistance and move towards the short-term target price of RM0.805, followed by RM0.82. In this case, the downside support is anticipated at RM0.74, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy upon breakout above RM0.77

Target: RM0.805, RM0.82 (time frame: 3-6 weeks) Exit: RM0.74

Source: AmInvest Research - 9 Jan 2020