Eco World International Bhd (5283)

• EWINT ended 2.8% or 2.5 sen higher to RM0.93 yesterday.
• We believe the uptrend remains intact as share price continues to stay above key RM0.90 level and hit its 52-week high of RM0.945 recently. Supported by the stronger buying momentum, share price may likely to rise towards the RM1.00 level.
• From here, resistance levels are identified at RM0.945 (R1) and RM0.980 (R2).
• Conversely, support levels can be expected at RM0.825 (S1) and RM0.800 (S2).

Source: Rakuten Research - 29 Nov 2019