16th June Technical Idea
EKOVEST (Stock code: 8877)
After 19 May Ekovest fail to break last high (open high close low),
yesterday share price drop to demand zone, potential long bias
and today share price react as open high close higher, potential long entry signal.
Property and construction sector is slowly being notice by investor possible switching from glove counter.
we think that is a potential trade at the zone area (0.470 - 0.650)
Risk: Moderate Risk
TP1: RM0.620
TP2: RM0.715
SL1: RM0.490
SL2: RM0.470
Risk Return Ratio:2x
This trade is fully technical call and need sector catalyst to kick off the share price.
1) Aggressive trader can consider for contra trade
2) Conservative investor can accumulate at every demand zone as long as fundamental remain
3) if share price cant sustain at 0.490 will further test 0.470 level.
EKOVEST (Stock code: 8877)
After 19 May Ekovest fail to break last high (open high close low),
yesterday share price drop to demand zone, potential long bias
and today share price react as open high close higher, potential long entry signal.
Property and construction sector is slowly being notice by investor possible switching from glove counter.
we think that is a potential trade at the zone area (0.470 - 0.650)
Risk: Moderate Risk
TP1: RM0.620
TP2: RM0.715
SL1: RM0.490
SL2: RM0.470
Risk Return Ratio:2x
This trade is fully technical call and need sector catalyst to kick off the share price.
1) Aggressive trader can consider for contra trade
2) Conservative investor can accumulate at every demand zone as long as fundamental remain
3) if share price cant sustain at 0.490 will further test 0.470 level.