Eco World Development Group is poised to extend its uptrend after attempting to breach the immediate resistance of MYR0.715 during recent sessions – coupled with strong trading volume. If a breakout happens above that level, the buying pressure may propel the stock towards the immediate resistance of MYR0.775, followed by MYR0.84. However, if it falls below the MYR0.695 support level, this expectation will be cancelled.

Source: RHB Securities Research - 2 Sept 2021