Ekovest resuming bullish movement, says RHB Retail Research

• In a trading stocks note on Monday, the research house said the stock broke past the 54 sen resistance as the bullish momentum is picking up.

KUALA LUMPUR (Jan 8): RHB Retail Research said Ekovest Bhd is resuming the bullish movement after it climbed above the strong resistance.

In a trading stocks note on Monday, the research house said the stock broke past the 54 sen resistance as the bullish momentum is picking up.

“A follow-through of the positive price action would see the counter extend its trajectory towards 58 sen, followed by 62 sen.

“In the event it falls below the support of 50 sen, the counter may enter a correction phase,” it said.

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