RHB Retail Research
Trading Stocks - Econpile
Econpile may climb higher after it breached above the MYR0.80 threshold. In view that the 21-day SMA line will likely begin turning upward, this is an indication of a positive sign. A positive bias may emerge above the MYR0.81 level, with an exit set below the MYR0.78 threshold. Towards the upside, the immediate resistance is at the MYR0.86 mark. This is followed by the MYR0.96 level.
Source: RHB Securities Research - 16 Dec 2019
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