RHB Retail Research

Trading Stocks - Econpile

rhboskres
Publish date: Mon, 08 Jul 2019, 09:50 AM
rhboskres
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RHB Retail Research

Econpile’s upside move may persist after it continued holding above the rising 21-day SMA line. As the stock is trading above the uptrend line drawn in the chart, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.78 level, with an exit set below the MYR0.71 threshold. Towards the upside, the near-term resistance is at MYR0.85. This is followed by the MYR0.90 level.

Source: RHB Securities Research - 8 Jul 2019

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