Eco World Development may rise higher after it formed a second consecutive white candle. Yesterday’s candle can be regarded as a continuation of the rebound that started off 21 Dec 2018’s “Hammer” pattern. A bullish bias may emerge above the MYR0.95 level, with an exit set below the MYR0.89 threshold. Towards the upside, the immediate resistance is at MYR1.01. This is followed by the MYR1.05 level.

Source: RHB Securities Research - 24 Jan 2019