Quick take: Eden rises 7.69% on technical buy

TheStar Thu, Mar 26, 2020 09:26am - 4 years View Original


KUALA LUMPUR: Shares in Eden Inc Bhd rose more than 7% this morning after a technical buy by PublicInvest Research.

Eden, which is in the food and beverage business, advanced 7.69%, or one sen to 14 sen with 4.23 million shares done.

PublicInvest said Eden is on the verge of staging a potential rebound.

“Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.

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