Rakuten Trade Research Reports

Technical View - Ekovest Berhad

Publish date: Tue, 20 Sep 2022, 09:55 AM
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Ekovest Berhad (EKOVEST, 8877)

• Share price closed 2.85% higher at RM0.36 on Monday.

• EKOVEST broke out from its resistance level of RM0.355 with decent buying interests. With a bullish MACD crossover and indicators showing uptick movement, share price is expected to move higher.

• Resistance levels are identified at RM0.36 (R1) and RM0.37 (R2).

• On the flipside, support levels are pegged at RM0.355 (S1) and RM0.34 (S2).

Source: Rakuten Research - 20 Sept 2022

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