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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Created by rhboskres | Aug 26, 2024