Analysed on 23/01/2022
After hit the year high at RM1.25, ECOWLD’s price consolidated in rectangle pattern for about 3 months. ECOWLD managed to break the rectangle pattern on Thursday with surge in volume and stay above RM0.91 on Friday. ECOWLD may potentially challenge its immediate resistance at RM 1.00. Investors shall exercise caution if the immediate support (RM 0.91) is broken. Considering current price level, it is 7.0% gain and 2.7% loss to hit resistance at RM1.00 and support at RM0.91 respectively.
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