ECA Integrated Solution is poised for a potential bullish breakout as it tests the immediate resistance level with a strong bullish candlestick according to a report by RHB Investment Bank Bhd. The stock printed a long white candlestick on high volume yesterday, indicating that bullish momentum is regaining traction.
If the stock surpasses the 27 sen resistance, fresh buying interest is likely to emerge, driving the stock towards the next resistance at 30 sen, followed by 33 sen. Conversely, should the price fall below the 24 sen support, the correction phase will resume.
Eversendai Corp is showing signs of a continuation in its upward movement after breaking above the 21-day Simple Moving Average (SMA) line. The stock successfully broke through the 57 sen resistance, signalling a reacceleration of bullish momentum.
Based on this renewed momentum, we expect the stock to test the next resistance at 62 sen, followed by 66 sen. However, if the stock breaches below the 53 sen support, the bullish setup will be invalidated, opening the door for a correction phase.
