Ekovest is consolidating before the immediate resistance level RM0.61. With a rising trading volume, there is a possibility we will see a technical breakout above the resistance. If this happens, the momentum will move towards the short-term target prices of RM0.65 and RM0.70. The downside support is anticipated at RM0.56, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.61

Target: RM0.65, RM0.70 (time frame: 2-4 weeks) Exit: RM0.56

Source: AmInvest Research - 10 Jun 2020