KUALA LUMPUR (May 17): RHB Retail Research said Ecomate Holdings Bhd is poised to propel above the recent high of 52 sen after bouncing off the 21-day average line last Friday.

In a trading stocks note on Tuesday (May 17), the research house said if a breakout happens above that level, the stock may travel towards the 55.5 sen resistance before reaching the 60 sen threshold.

“However, the positive momentum may dissipate if it falls below the 49 sen support, trading below the average line,” it said.