RHB Retail Research
Trading Stocks - Eco World Development Group
Eco World Development Group is extending its uptrend amid breaching above its immediate resistance of MYR0.775 on strong trading volume – amid a positive gap up with a long bullish candlestick. If it remains above that level, the bulls may test the MYR0.83 multi-month high, before reaching the MYR0.90 resistance. However, falling below the MYR0.75 support may trigger a downtrend – printing a “lower low” level.
Source: RHB Securities Research - 15 Sept 2021
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