RHB Retail Research
Technical Analysis - Eco World Development Group
Eco World Development Group may rebound higher after it continued holding above the MYR0.99 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.07 level, with an exit set below the MYR0.99 threshold. Towards the upside, the near-term resistance is at MYR1.17. This is followed by the MYR1.28 level.
Source: RHB Securities Research - 7 Nov 2018
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