Rakuten Trade Research Reports
Technical View - Econpile Holdings Bhd (ECONBHD, 5253)
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Publish date: Wed, 09 Oct 2019, 04:17 PM
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Email: customerservice@rakutentrade.my
Econpile Holdings Bhd (5253)
• ECONBHD rose 3.5 sen or 4.9% to RM0.755 yesterday.
• ECONBHD closed with a positive white candle on the back of higher trading volume yesterday buoyed by a pre-budget rally on construction stocks. Technically, key momentum indicators RSI and Stochastics are displaying positive upticks suggesting sustained buying momentum.
• Resistance levels are expected at RM0.78 (R1) and further to RM0.82 (R2).
• On the flip side, strong support levels can be found at RM0.72 (S1) and RM0.68 (S2).
Source: Rakuten Research - 9 Oct 2019
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