Ecoscience International is staging for an uptrend continuation as it bounced off the 21-day average line and reclaimed the previous breakout level of MYR0.305 – forming a “higher low” bullish pattern. If the breakout sustains, the stock may climb towards the recent high of MYR0.335, or 27 Sep’s high, before propelling further towards the MYR0.40 mark. If it falls below the MYR0.285 support, the stock may see a reversal in momentum as it forms a “lower low” bearish pattern, below the average line.

Source: RHB Securities Research - 5 Oct 2022