Rakuten Trade Research Reports
Tehnical View- Econpile Holdings Bhd
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Publish date: Mon, 23 Nov 2020, 12:49 PM
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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 closed 2 sen or 4.44% higher to RM0.47 last Friday.
• Recent share price revival saw it rise above the short term moving average lines on the back of improving volume. The upward movement on key momentum indicator also reinforces positive buying momentum seen on the stock, thus we expect share price to move higher.
• Resistance levels are at RM0.51 (R1) and RM0.575 (R2) level.
• Meanwhile, support levels are seen at RM0.43 (S1) and RM0.32 (S2).
Source: Rakuten Research - 23 Nov 2020
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