ECOWLD - Heading towards 52 WEEK HIGH ?

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ECOWLD - CURRENT PRICE : RM2.00

ECOWLD broke out a 6 month down trendline on 01 JULY 2025 with high trading volume indicating strong bullish momentum. The stock is bullish as the price is above both 50 and 200 EMAs. Furthermore the share price is near 52 Week High. RSI is above 50 and below 70 indicating stock is bullish and not considered overbought yet. Nearest target will be RM2.16 (52 Week High resistance) and then if the trend resume, it may propel higher to hit next target at RM2.28. Support level is the low of 23 JUNE 2025 candle - RM1.77.

ENTRY PRICE : RM1.99 - RM2.02
TARGET : RM2.16 and RM2.28
SUPPORT : RM1.77

Notes : On 26 JUNE 2025 the company announced its increasing QUARTERLY EARNINGS. May visit company website or TheEdge for get more information.
Note
Good thing is ECOWLD going to pay dividend 2 cents for each shares.
EX-DATE : 11 JULY 2025
PAYMENT DATE : 25 JULY 2025

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