• ECOWLD gained 3.6% or 1.5 sen higher to RM0.435 last Friday.
• Last Friday’s active movements suggest renewed buying interest after a period of consolidation further supported by higher-than-average trading volume. Additionally, key technical indicator also suggests positive signs and thus share price could likely to trend higher.
• As such, resistance levels are identified at RM0.50 (R1) and RM0.56 (R2).
• Conversely, support levels are seen at RM0.40 (S1) and RM0.35 (S2).
Source: Rakuten Research - 3 Aug 2020
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Created by rakutentrade | Jul 18, 2024