RHB Retail Research
Trading Stocks - Ecomate
Ecomate is attempting to break away from the consolidation zone. Observe that the stock has been moving sideways lately pending an upside breakout. If it breaches the MYR0.55 immediate resistance, a bullish bias will emerge. This may then lift it towards the next resistance at MYR0.59, followed by MYR0.62. On the other hand, falling below the MYR0.51 support may see a downside correction.
Source: RHB Securities Research - 25 Nov 2021
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
