Rakuten Trade Research Reports

Technical View - Ekovest Berhad

Publish date: Thu, 05 Jan 2023, 01:13 PM
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• Share price closed 1.45% higher at RM0.35 on Wednesday.

• EKOVEST broke out from its resistance at RM0.345 yesterday supported by decent buying interest recently. Coupled with indicators showing uptick momentum, share price is expected to move towards its MA 200 line.

• Resistance levels are identified at RM0.355 (R1) and RM0.37 (R2).

• On the flipside, support levels are pegged at RM0.33 (S1) and RM0.31 (S2).

Source: Rakuten Research - 5 Jan 2023

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