RHB Investment Research Reports
Trading Stocks - Ekovest
rhbinvest
Publish date: Mon, 15 Jul 2024, 10:05 AM
rhbinvest
0 4,081
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 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
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