Ecoscience staging for an uptrend continuation, says RHB Retail Research

TheEdge Wed, Oct 05, 2022 07:19am - 8 months View Original

KUALA LUMPUR (Oct 5): RHB Retail Research said Ecoscience International Bhd is staging for an uptrend continuation as it bounced off the 21-day average line and reclaimed the previous breakout level of 30.5 sen – forming a “higher low” bullish pattern.

In a trading stocks note today, the research house said if the breakout sustains, the stock may climb towards the recent high of 33.5 sen, or Sept 27’s high, before propelling further towards the 40 sen mark.

“If it falls below the 28.5 sen support, the stock may see a reversal in momentum as it forms a “lower low” bearish pattern, below the average line,” it said.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

EIB 0.395


Login to comment.