Econpile Holdings Bhd (5253)

• ECONBHD gained 4.4% or 3.5 sen higher to end at RM0.83 yesterday.
• Yesterday’s close marked the second consecutive gain for ECONBHD on the back of higher trading volume. With the share price closing above all key moving averages and recent positive sentiments from the revival of infrastructure projects, we expect the buying interest to sustain.
• From here, resistance levels are found at RM0.87 (R1) and further to RM0.98 (R2). • Conversely, support levels are identified at RM0.72 (S1) and RM0.59 (S2). 

Source: Rakuten Research - 11 Jul 2019