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We expect further upside for ECA Integrated Solution after it posted a long white candle and closed near its all-time high yesterday. As the stock also broke out of the 6-week downward channel, it may see additional strength in the near term. A bullish bias may emerge above the RM1.00 level, with a stop-loss set at RM0.95, below the 20-day EMA. Towards the upside, the nearterm resistance level is seen at RM1.15, followed by RM1.20.
Deputies to the 14th National People's Congress (NPC), China's national legislature, unanimously elected incumbent President Xi Jinping for his third consecutive term.