Rakuten Trade Research Reports
Technical View - Eco World International Bhd (EWINT, 5283)
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Publish date: Mon, 11 Nov 2019, 09:31 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Eco World International Bhd (5283)
• EWINT rose 6 sen or 8.0% to close at RM0.81 last Friday.
• Last Friday’s move marked a bullish breakout above key moving averages supported by a surge in trading volume. The breakout could signal potential trend reversal from the bottom of RM0.60 this year, thus leading the price to continue its recovery to RM0.90 level.
• From here, resistance levels are expected at RM0.850 (R1) and further to RM0.900 (R2).
• On the flip side, support levels can be seen at RM0.730 (S1) and RM0.715 (S2).
Source: Rakuten Research - 11 Nov 2019
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