ECA Integrated Solution may trend higher after it closed above the RM0.91 resistance with another long white candle yesterday.
The stock hitting a new record high, supported by its rising 20-day EMA, likely indicates that the bullish momentum may be picking
up. A bullish bias may emerge above the RM0.91 level, with a stop-loss set at RM0.83, below the 20-day EMA. Towards the
upside, the near-term resistance level is seen at RM1.10, followed by RM1.15.
Entry : RM0.91–0.98
Target : RM1.10, RM1.15
Exit : RM0.83
Source: AmInvest Research - 20 Jan 2023
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Created by AmInvest | Nov 18, 2024
Created by AmInvest | Nov 15, 2024