RHB Retail Research
Trading Stocks - ECO World Development Group
ECO World Development Group attempted to break above the resistance level for the third time yesterday, after consolidating and forming a double bottom in the wake of the recent pullback. A bullish bias would be established if it manages to break above the MYR0.63 resistance level. The next resistance levels are marked at MYR0.66, and MYR0.69. This expectation would be invalidated if the MYR0.585 support fails.
Source: RHB Securities Research - 26 Mar 2021
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