Thursday 25 Apr 2024
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KUALA LUMPUR (Nov 21): Eonmetall Group Bhd shares rose 1.21% in early trade this morning, following a positive technical outlook for the stock.

At 9.13am, Eonmetall rose 1 sen to 83.5 sen with 572,800 shares done.

RHB Retail Research said Eonmetall Group Bhd may climb higher after posting another white candle and leaving an upside gap.

In a trading stocks note today, the research house said this close has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment.

“A bullish bias may appear above the 80.5 sen level, with an exit set below the 74.5 sen threshold.

“Towards the upside, the immediate resistance level is at 87 sen. This is followed by the 96 sen level,” it said.

 

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