RHB Retail Research
Trading Stocks - Econframe
Econframe broke out from the resistance with a higher trading volume. A bullish bias has emerged above the immediate resistance level marked at MYR0.65. We think the momentum will prevail and propel the stock towards the next resistance level pegged at MYR0.68 and followed by MYR0.725. This positive expectation should remain valid, provided the MYR0.605 support is not breached.
Source: RHB Securities Research - 31 Dec 2020
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