Rakuten Trade Research Reports
Technical View - Eco World International Bhd (EWINT, 5283)
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Publish date: Tue, 26 Nov 2019, 09:16 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 ended 10.3% or 8.5 sen higher to RM0.91 yesterday.
- Share price continues to break a series of resistance levels since our report on 11 Nov 2019 and hit its 52-week high at RM0.945 yesterday. Amid the strong buying momentum and positive indicators, we believe it is likely to head towards the RM1.00 level.
- From here, resistance levels are expected at RM0.945 (R1) and RM0.980 (R2).
- On the contrary, support levels can be identified at RM0.825 (S1) and RM0.800 (S2).
Source: Rakuten Research - 26 Nov 2019
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