Ekovest is resuming the bullish movement after it climbed above the strong resistance. The stock broke past the MYR0.54 resistance as the bullish momentum is picking up. A followthrough of the positive price action would see the counter extend its trajectory towards MYR0.58, followed by MYR0.62. In the event it falls below the support of MYR0.50, the counter may enter a correction phase.
Source: RHB Securities Research - 8 Jan 2024
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Created by rhbinvest | Aug 23, 2024