Eco World Development Group is poised for a technical breakout, as it bounced off the 21-day SMA line, testing the MYR1.10 resistance level yesterday. If a breakout above that level happens, the stock may climb towards the 2-year high at MYR1.25, followed by the next resistance of MYR1.35. Towards the downside, breaching below the MYR1 support will negate the bullish setup.
Source: RHB Securities Research - 22 Sept 2023
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Sep 27, 2024