RHB Retail Research
Technical Analysis - Eonmetall Group
Eonmetall Group may move higher after it continued holding above the MYR0.425 support. Yesterday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.48 level, with an exit set below the MYR0.425 threshold. Towards the upside, the near-term resistance is at MYR0.55. This is followed by the MYR0.59 level.
Source: RHB Securities Research - 5 Oct 2018
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