RHB Investment Research Reports
Trading Stocks - Econpile Holdings
rhbinvest
Publish date: Tue, 16 Jan 2024, 04:11 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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
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