AmInvest Research Reports
Stock on Radar - Eco World Development Group
AmInvest
Publish date: Tue, 30 Jul 2024, 09:08 AM
AmInvest
0 9,365
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Eco World Development Group may trend higher after it posted a long positive candle and closed above the RM1.70 resistance yesterday. As the stock also broke out of a 2-week bullish flag pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM1.70 level with stop-loss set at RM1.56, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.90, followed by RM2.00.
Entry : RM1.70–1.75
Target : RM1.90, RM2.00
Exit : RM1.56
Source: AmInvest Research - 30 Jul 2024
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