Econpile may climb higher after posting a white candle and hitting its highest close in more than a week. This can be viewed as a continuation of the bulls extending the rebound from 2 May’s “Hammer” pattern. A bullish bias may emerge above the MYR0.64 level, with an exit set below the MYR0.60 threshold. Towards the upside, the immediate resistance is at MYR0.73. This is followed by the MYR0.80 level.

Source: RHB Securities Research - 8 May 2019