KUALA LUMPUR (April 18): RHB Retail Research said Ecomate Holdings Bhd is set to resume its uptrend as it broke above the 50 sen resistance level on strong volume — printing a “White Marubozu” bullish candlestick.

In a trading stocks note on Monday (April 18), the research house said the strong bullish momentum above that level will likely take it to the immediate resistance at 54 sen, followed by 56.5 sen.

“However, the momentum may decline if it falls below the 48 sen support level, forming a 'lower low' bearish structure,” it said.