Econpile gains 2.29% on positive technicals
KUALA LUMPUR (July 18): Econpile Holdings Bhd shares rose 2.29% at mid-morning today after RHB Retail Research said Econpile may move higher after it posted a long white candle and breached above the RM2.54 threshold.
At 10.28am, Econpile rose 6 sen to RM2.68 with 165,000 shares traded.
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 appear above the RM2.54 level, with an exit set below the RM2.37 threshold.
"Towards the upside, the immediate resistance level is seen at RM3.00. This is followed by the RM3.50 level," it said. — theedgemarkets.com
Never miss out
Sign up to get breaking news, unique insights, event invites and more from EdgeProp.
Latest publications
Malaysia's Most
Loved Property App
The only property app you need. More than 200,000 sale/rent listings and daily property news.
