RHB Investment Research Reports
Trading Stocks - Ekovest’s
rhbinvest
Publish date: Wed, 14 Feb 2024, 06:15 PM
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An official blog in I3investor to publish research reports provided by RHB Research team.
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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
Ekovest’s recent pullback appears to have ended, as it rebounded strongly from the critical support yesterday. If this rebound continues and leads to a breakout above the MYR0.55 immediate resistance, it may confirm an uptrend reversal, potentially propelling the stock higher towards the MYR0.60 mark, followed by the 52-week high at MYR0.62. However, a decline below the MYR0.51 support would trigger a downward movement.
Source: RHB Securities Research - 14 Feb 2024
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