KUALA LUMPUR (Oct 25): AllianceDBS Research said Econpile Holdings Bhd (EconBhd) had on Oct 24 traded higher to a new high of RM1.90 before closing near the day’s high at RM1.88 (up 4 sen or 2.17%). In its evening edition yesterday, the research house said EconBhd continued to trade above the 20-day and 50-day moving average lines. “Following the up close on Oct 24, the stock is likely to move higher again with immediate hurdle seen at RM1.95. AllianceDBS Research said stock volume traded on Oct 24 was 2.63 million shares compared to the 3-month average volume of 1.92 million shares. The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.

Source: The Edge Markets October 24, 2016 23:03 UTC