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