AmInvest Research Reports

Stock on Radar - ECA Integrated Solution

AmInvest
Publish date: Fri, 03 Mar 2023, 10:18 AM
AmInvest
0 9,374
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

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

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment