Rakuten Trade Research Reports
Technical View - Econpile Holdings Bhd (ECONBHD, 5253)
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Publish date: Fri, 27 Mar 2020, 10:52 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 was up 4.3% or 1.5 sen to RM0.37 yesterday.
• Falling from a 52-week high of RM0.88 to RM0.30 and has since rebounded to current level. Chart wise, it remains oversold and is likely to see some buying interest supporting its recovery.
• From here, resistance levels are seen at RM0.44 (R1) and further to RM0.52 (R2)
• Conversely, support levels are identified at RM0.30 (S1) and RM0.25 (S2).
Source: Rakuten Research - 27 Mar 2020
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