Econpile Holdings is extending its bullish trajectory after climbing above the MYR0.35 resistance as the bullish momentum accelerated, forming a “higher high” bullish pattern. Coupled with surging trading volume, the stock is likely to move towards the MYR0.395 resistance, or 52-week high, followed by the next resistance at MYR0.435. If it falls below the support level at MYR0.315, the bullish setup would be negated.
Source: RHB Securities Research - 16 Jan 2024
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Aug 23, 2024