RHB Retail Research
Technical Analysis - Econpile
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Econpile may rise higher after recording a higher close vis-a vis the previous session. As the 21-day SMA line crossed above the 55-day SMA line recently, this has enhanced the upward momentum. A bullish bias may emerge above the MYR0.86 level, with an exit set below the MYR0.76 threshold. Towards the upside, the immediate resistance is at MYR1.00. This is followed by the MYR1.15 level.
Source: RHB Securities Research - 6 Aug 2018
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