Ekovest Bhd
(code: 8877) has challenged the 50-day simple moving average (SMA) for the first time since Sept 3, when a sharp selldown extended its downtrend.
The stock’s intra-day high of 47.5 sen met the 50-day SMA but it was unable to confirm a crossing by market close. Nevertheless, it is a positive development for the counter and indicates improving sentiment.
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