Buy ECM For MYR1.40 Medium Term Target

TA Securities says Buy on ECM-Libra based on charts for medium-term upside towards MYR1.40 and higher; "ECM shares had completed a full recovery from the March sell-off, with a base building phase above MYR1 in May anchoring the recent share price upswing," TA says; decisive breakout above MYR1.30 will enhance upside momentum towards MYR1.40 and beyond. Stock down 2.3% at MYR1.23 in active trade.