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Bought at opening price of 2.20 today. Will accumulate more if it breaks 2.10. Buy to keep for long term dividend and I strongly believe in its business model going forward.
Breakout chart forming now. Set to challenge 1.22 again follow by 1.28 and stronger resistance at 1.48. Expect gradual slow and steady movement with intermittent profit taking. Strong QR and dividend will create strong catalyst and upgrade on target price.
Next target 2.45. Good QR and 4 sen dividend will be the catalyst. It's still the best dividend yield stock at more than 6% among the index linked stocks.
I bought Ecowld from 50 Sen to 36 Sen few years ago. I am holding till date with current price above 2 ringgit. I believe in my analysis and Ecowld management. And most importantly, holding power and patience.
