Rakuten Trade Research Reports
Technical View - Econpile Holdings Bhd (ECONBHD, 5253)
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Publish date: Wed, 20 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
Econpile Holdings Bhd (5253)
• ECONBHD rose 4.5% or 3.5 sen to RM0.81 yesterday.
• Chart-wise, share price has been on a positive run since mid-Oct and yesterday’s close sent the price to break above all key moving averages. From here, we expect buying momentum to continue.
• Resistance levels are identified at RM0.825 (R1) and RM0.88 (R2).
• Conversely, support levels can be identified at RM0.73 (S1) and RM0.69 (S2).
Source: Rakuten Research - 20 Nov 2019
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