RHB Retail Research
Trading Stocks - ES Ceramics Technology
ES Ceramics Technology is on the verge of resuming its uptrend after finding support from the recent pullback – forming a higher low. Amid strong buying interest, it managed to pierce through the resistance-turned-support level of MYR0.85. If the bullish momentum is extended, it may reach the next resistance level of MYR0.89, followed by MYR0.94. Inversely, a downside breach of MYR0.795 would negate this expectation.
Source: RHB Securities Research - 9 Apr 2021
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