Eco-Shop Marketing Bhd
rose past a recent high of RM1.35 yesterday in a bid to resume its rally.
The share is poised to bypass the 100-day simple moving average and challenge the resistance at RM1.55. Higher resistance is pegged at the historical closing high of RM1.65.
There are positive indications in the technical indices, the slow-stochastic has risen to 55 points while the 14-day relative strength index (RSI) has increased to 65 points. The daily moving average convergence/divergence (MACD) histogram also points to a bullish uptrend.
Support levels are found at RM1.30 and RM1.20.
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