KUALA LUMPUR (Aug 7): RHB Retail Research said Econpile Holdings Bhd may rebound higher after it tested the 68 sen support in its latest session.
In a trading stocks note today, the research house said given that the stock has formed a “Piercing Line” pattern on Aug 6, this indicates a potential rebound.
“A bullish bias may appear above the 72 sen level, with an exit set below the 68 sen threshold.
“Towards the upside, the near-term resistance is at 81 sen. This is followed by the 88 sen level,” it said.