Rakuten Trade Research Reports

Technical View - Econpile Holdings Bhd (ECONBHD, 5253)

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Publish date: Mon, 20 Jan 2020, 10:44 AM
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Econpile Holdings Bhd (5253)

  • ECONBHD gained 2.7% or 2 sen to close at RM0.77 last Friday.
  • Share price remains on its uptrend line and trading above key moving average line with support level at RM0.70. From recent upticks in key momentum indicators, share price is likely to cross over the RM0.80 level.
  • As such, resistance levels are expected at RM0.80 (R1) and further to RM0.88 (R2).
  • Conversely, downside support levels can be expected at RM0.70 (S1) and RM0.63 (S2).

Source: Rakuten Research - 20 Jan 2020

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