Eco World Development Group posted 3 positive candles in a row and its 20-day EMA has started to turn up yesterday, likely indicating the return of buying interest. As the stock also took out the RM1.70 resistance, it may see additional strength in the near term. A bullish bias may emerge above the RM1.70 level with stop-loss set at RM1.48, below the 11 Sep low. Towards the upside, near-term resistance level is seen at RM1.90, followed by RM2.00.
Entry: RM1.70-1.76
Target: RM1.90, RM2.00
Exit: RM1.48
Source: AmInvest Research - 18 Sep 2024
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Created by AmInvest | Oct 01, 2024