04/09/2025
π₯ EcoShop (RM1.33) β Consolidating Near Support β‘πβ‘οΈπ
β
Technical Highlights:
Closed at RM1.33 (-2.92%), testing support zone.
MA20 (1.34) β immediate resistance.
MA50 (1.29) β strong support if pullback continues.
RSI ~50 β neutral, no extremes.
MACD bearish crossover, but histogram shows slowing downside momentum.
π― Trading Setup:
Entry: RM1.30 β RM1.33
Target 1: RM1.37
Target 2: RM1.42
Stop-loss: Below RM1.28
π Why EcoShop? (Fundamentals)
Expanding retail footprint nationwide πͺ
Strong earnings growth & steady cash flow π°
Defensive business model with resilient demand β
π EcoShop combines growth + defensive fundamentals, making pullbacks attractive for accumulation π