RHB Retail Research
Trading Stocks - Eco World International
Eco World International may climb higher after posting a white candle and hitting its 1-month high. This can be viewed as a continuation of the bulls extending the rebound from 21 Dec 2018’s “Hammer” pattern. A bullish bias may appear above the MYR0.75 level, with an exit set below the MYR0.665 threshold. Towards the upside, the near-term resistance is at MYR0.85. This is followed by the MYR0.90 level.
Source: RHB Securities Research - 17 Jan 2019
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