• 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.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!

SHARE
SPONSORED CONTENT
A serene enclave within Adda Heights, Johor Bahru

Designed as a mixed development, Adda Heights blends residences, commercial conveniences and recreational spaces into a seamless live-work-play environment connected by landscaped paths and green areas.

read more
RELATED POSTS
  1. Ekovest abandons RM310m RTS Link land deal after more than two years of negotiations
  2. IWCity extends evaluation of Lim Kang Hoo's merger proposal for the sixth time
  3. Gadang to acquire Johor Bahru land from Ekovest for RM75.5 mil