RHB Investment Research Reports
Trading Stocks - Ecofirst Consolidated
rhbinvest
Publish date: Mon, 30 May 2022, 08:48 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Ecofirst Consolidated is eyeing for a technical breakout as it rebounded from the recent pullback to head towards the MYR0.455 recent high – reclaiming above the 21-day average line. If it manages to surpass that level, the stock’s bullish momentum may persist towards MYR0.49, then MYR0.55. Conversely, the momentum may reverse if it drops below the MYR0.39 support – drawing a “lower low” bearish pattern beneath the average line.
Source: RHB Securities Research - 30 May 2022
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