PublicInvest Research

Technical Buy - ECOWLD (8206)

PublicInvest
Publish date: Thu, 28 Nov 2019, 09:41 AM
PublicInvest
0 11,283
An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

  • Target Price: RM0.700, RM0.740
  • Last closing price: RM0.660
  • Potential return: 6.0%, 12.1%
  • Support: RM0.630
  • Stop Loss: RM0.615

Possible for bottom fishing. ECOWLD is staging a potential recovery from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.680 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.700 and RM0.740.

However, failure to hold on to support level of RM0.630 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 28 Nov 2019

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ks55

When Public Anal-list ask you to buy, you must run fast-fast.
This anal-list is out to con people when shim has nothing to do.
Shim has built 'reputation' again and again, making 'kills' from Lonbis, to Parkson, to LCTI, to SP setia and many many more.

2019-12-06 00:39

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