We expect further upside for ECA Integrated Solution after it posted a long white candle and closed near its all-time high yesterday. As the stock also broke out of the 6-week downward channel, it may see additional strength in the near term. A bullish bias may emerge above the RM1.00 level, with a stop-loss set at RM0.95, below the 20-day EMA. Towards the upside, the nearterm resistance level is seen at RM1.15, followed by RM1.20.
Entry : RM1.00–1.05
Target : RM1.15, RM1.20
Exit : RM0.95
Source: AmInvest Research - 3 Mar 2023
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Created by AmInvest | Nov 18, 2024
Created by AmInvest | Nov 15, 2024