Eden – Possible for trend reversal
EDEN appears poised to break away from its downtrend, with continued improvement in both momentum and trend anticipated in the near term, says Public Investment Bank.
Should immediate resistance level of RM0.170 be broken with renewed buying interest, Eden’s price may continue to be lifted higher to subsequent resistance level of RM0.185.
“However, failure to hold on to support level of RM0.145 may indicate weakness in the share price and hence, a cut-loss signal.”
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Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon
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