Econpile may rebound higher after it continued holding above the MYR0.36 support. Last Friday’s candle has sent the stock to its highest close in more than two weeks, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.36 level, with an exit set below the MYR0.36 threshold. Towards the upside, the near-term resistance is at MYR0.445. This is followed by the MYR0.50 level.

Source: RHB Securities Research - 7 Jan 2019