Econframe is eyeing to print a new high level as it attempted to surpass the MYR0.685 resistance yesterday – this was as it recently bounced off the 21-day average line. If it manages to surpass that threshold, the stock may inch higher towards the MYR0.75 mark and then the MYR0.80 point. If it falls below the MYR0.65 support, the bullish momentum will be reversed, as it forms a “lower low” bearish pattern beneath the average line.

Source: RHB Securities Research - 21 Oct 2022