AmInvest Research Reports

Stock on Radar - ECA Integrated Solution

Publish date: Fri, 20 Jan 2023, 09:00 AM
0 7,260
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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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