RHB Retail Research
Technical Analysis - Eonmetall Group
Eonmetall Group
Eonmetall Group may rise higher after posting a long white candle and leaving an upside gap. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR0.535 level, with an exit set below the MYR0.435 threshold. Towards the upside, the immediate resistance is at MYR0.64. This is followed by the MYR0.69 level.
Source: RHB Securities Research - 27 Jul 2018
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