Eco World Development Group (ECOWLD | 8206)
Last Price: RM1.97 | Technical Call: BUY
Support 1: RM1.90 | Resistance 1: RM2.10 |
Support 2: RM1.80 | Resistance 2: RM2.20 |
Shariah Compliant: Yes | Sector: Property |
Eco World Development Group may trend higher after it surged to a new 52-week high and closed above the RM1.90 resistance yesterday. With its 20-day and 50-day EMAs starting to trend higher again, additional upside strength may be present in the near term. A bullish bias may emerge above the RM1.90 level with stop-loss set at RM1.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.10, followed by RM2.20.
Entry: RM1.90-1.97
Target: RM2.10, RM2.20
Exit: RM1.78
Source: AmInvest Research - 4 Dec 2024
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Created by AmInvest | Dec 02, 2024