Technical Stockpick - Eco World Development Group Bhd
Thu, 22-Jan-2026 07:35 am
Apex Research

ECOWLD (8206)
Last Price (RM)
2.230
Resistance (RM)
R1 — 2.300 / R2 — 2.350
Support (RM)
S1 — 2.170

Technical Commentary: 

The stock dipped near RM1.85 in mid-25 before staging a steady rebound, forming higher lows and reclaiming key moving averages. Momentum then paused as it entered a consolidation phase marked by choppy price action. Recently, buying interest has resurfaced with the stock trading above its key moving averages. A decisive breakout above RM2.25 could pave the way towards the next resistance levels at RM2.30 and RM2.35, while on the downside, support is pegged at RM2.17.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.023232 4.055460
EUR 4.719850 4.724822
CNY 0.579577 0.580194
HKD 0.516059 0.519704
SGD 3.134055 3.156409