RHB Investment Research Reports
Trading Stocks - Ekovest’s
rhbinvest
Publish date: Wed, 14 Feb 2024, 06:15 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Ekovest’s recent pullback appears to have ended, as it rebounded strongly from the critical support yesterday. If this rebound continues and leads to a breakout above the MYR0.55 immediate resistance, it may confirm an uptrend reversal, potentially propelling the stock higher towards the MYR0.60 mark, followed by the 52-week high at MYR0.62. However, a decline below the MYR0.51 support would trigger a downward movement.
Source: RHB Securities Research - 14 Feb 2024
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