Ecoscience International may extend its upward trajectory after it closed above the key RM0.35 resistance and hit a new 52- week high yesterday. As the stock pushed higher from its rising 20-day EMA with a white candle, it indicates a positive signal. A bullish bias may emerge above the RM0.35 level, and the bullish momentum should lift it towards the subsequent resistance levels of RM0.38, followed by RM0.40. Towards the downside, stop-loss is set at RM0.32, below the 50-day EMA.

Entry : RM0.35-0.365

Target : RM0.38, RM0.40

Exit : RM0.32

Source: AmInvest Research - 8 Dec 2022