Rakuten Trade Research Reports

Technical View - Ekovest Bhd (EKOVEST, 8877)

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Publish date: Tue, 09 Apr 2019, 03:19 PM
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Ekovest Bhd (8877)

  • EKOVEST gained 2.5 sen or 4.9% to close at RM0.540 yesterday.
  • EKOVEST closed with a bullish white candle yesterday on the back of higher volume traded. As such, we expect the buying momentum to persist and expect the price to move to its first resistance level (R1) at RM0.565 and further to RM0.605 (R2)
  • Meanwhile, support levels can be found at RM0.490 (S1) and RM0.485 (S2).

Source: Rakuten Research - 9 Apr 2019

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