RHB Retail Research
Trading Stocks - EITA Resources
EITA Resources staged a positive intraday price reversal after it briefly breached below the MYR0.82 support. There is a good possibility that the stock is in the process of developing a rebound following its sharp retracement over the past five weeks. A positive bias is expected to appear above MYR0.86, with resistance levels marked at MYR1.00 and MYR1.04. A downside breach of MYR0.86 would negate this price forecast.
Source: RHB Securities Research - 4 Mar 2021
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