RHB Retail Research

Trading Stocks - Eco World International

rhboskres
Publish date: Thu, 17 Jan 2019, 05:20 PM
rhboskres
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RHB Retail Research

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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