RHB Retail Research
Trading Stocks - Econpile Holdings
Econpile Holdings has been testing the MYR0.47 resistance over the latest two sessions. An upside breach of this threshold could signal the extension of the rebound that started from 26 Nov’s “Bullish Engulfing” formation, which appeared near the 21-day SMA line. Subsequent resistance levels are at MYR0.51 and MYR0.55. A downside breach of MYR0.45 would deem this thesis void.
Source: RHB Securities Research - 7 Dec 2020
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