Ekovest is set for a counter-trend reboud after it breached the the immediate resistance of MYR0.42 yesterday – printing a “White Marubozu” bullish candlestick. If it remains above that level – which is also above the 21-day average line - the stock is expected to propel towards the resistance point of MYR0.455, then MYR0.47. Conversely, falling below the immediate support of MYR0.405 may trigger the resumption of a downward correction beneath the average line.

Source: RHB Securities Research - 18 Mar 2022