RHB Retail Research
Technical Analysis - Econpile
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Econpile may rebound further after it tested the MYR0.55 support recently. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.70 level, with an exit set below the MYR0.55 threshold. Towards the upside, the near-term resistance is at MYR0.82. This is followed by the MYR0.95 level.
Source: RHB Securities Research - 14 Jun 2018
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