Ekovest is posing a bullish setup after breaking past the consolidation zone resistance. The counter has climbed above the MYR0.50 resistance level on the back of strong volume. The breakout signifies the end of the consolidation phase, and the counter is now eyeing the next resistance level at MYR0.53, followed by the one at MYR0.57. However, a fall below the MYR0.46 support level would resume the correction phase.

Source: RHB Securities Research - 15 Jul 2024