We expect further upside for Eco World Development after it surged above the RM1.30 mark and hit a new 52-week high on Friday. As the 20-day and 50-day EMAs have established their bullish crossover since early January, the current upward momentum may persist in the near term. A bullish bias may emerge above the RM1.25 level with stop-loss set at RM1.18, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.50, followed by RM1.55.
Entry : RM1.25–1.33
Target : RM1.50, RM1.55
Exit : RM1.18
Source: AmInvest Research - 19 Feb 2024
Chart | Stock Name | Last | Change | Volume |
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Created by AmInvest | Aug 30, 2024
Created by AmInvest | Aug 30, 2024
Created by AmInvest | Aug 30, 2024
Created by AmInvest | Aug 30, 2024