RHB Retail Research
Trading Stocks - Econpile
Econpile may rebound higher after it tested the MYR0.68 support in its latest session. Given that the stock has formed a “Piercing Line” pattern on 6 Aug, this indicates a potential rebound. A bullish bias may appear above the MYR0.72 level, with an exit set below the MYR0.68 threshold. Towards the upside, the near-term resistance is at MYR0.81. This is followed by the MYR0.88 level.
Source: RHB Securities Research - 7 Aug 2019
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