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Ekovest may rise higher, says RHB Retail Research

theedgemarkets.com January 18, 2017 | Updated 8 years ago

KUALA LUMPUR (Jan 18): RHB Retail Research said Ekovest Bhd may rise higher after posting a long white candle and hitting its highest close in nearly two months.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term.

“A bullish bias may emerge at above RM2.48, with an exit set below the RM2.21 threshold.

“To the upside, the immediate resistance level is anticipated at RM2.90. This is followed by the RM3.00 psychological spot,” it said. — theedgemarkets.com

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