RHB Retail Research
Technical Analysis - Econpile
Econpile was testing the MYR0.715 level in its recent trades. A bullish bias may be present above this point with a target price of MYR0.785, followed by MYR0.85. The stock may consolidate further if it cannot breach above the MYR0.715 threshold in the coming sessions. Support may be found at MYR0.625, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 24 Oct 2018
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