RHB Retail Research
Technical Analysis - Econpile
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Econpile may rise higher after recording a higher close vis-avis the previous session. Given that the 21-day SMA line will likely begin turning upward, this is an indication of a positive sign. A bullish bias may emerge above the MYR0.68 level, with an exit set below the MYR0.55 level. Towards the upside, the immediate resistance is at MYR0.88. This is followed by the MYR1.06 level.
Source: RHB Securities Research - 28 Jun 2018
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