RHB Retail Research
Trading Stocks - Econpile
Econpile may climb higher after forming a white candle and hitting its 1-week high. This can be viewed as a continuation of the bulls extending the rebound from 6 Aug’s “Piercing Line” pattern. A positive bias may emerge above the MYR0.74 level, with an exit set below the MYR0.68 threshold. Towards the upside, the immediate resistance is at the MYR0.83 level. This is followed by the MYR0.88 level.
Source: RHB Securities Research - 15 Aug 2019
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