Rakuten Trade Research Reports
Technical View- Econpile Holdings Bhd
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Publish date: Fri, 04 Dec 2020, 08:55 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 rose 5.1% or 2.5 sen to RM0.535 yesterday.
• Share price has been rising on its upward trendline on the back of improving trading volume. Supported by upticks in key momentum indicator, we expect share price to trend higher besides being one of the candidates for the potential construction theme play stocks.
• As such, resistance levels are identified at RM0.575 (R1) and RM0.640 (R2) level.
• On the downside, support levels are set at RM0.510 (S1) and RM0.430 (S2).
Source: Rakuten Research - 10 Dec 2020
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