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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 4 Dec 2020, 10:06 AM

 

Technical Buy - EWEIN (7249)

Author:   |    Publish date:


  • Target Price: RM0.700, RM0.730
  • Last closing price: RM0.655
  • Potential return: 6.8%, 11.4%
  • Support: RM0.645
  • Stop Loss: RM0.625

Possible for upside. EWEIN is attempting to rebound off the support level of its sideways channel. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.680 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.700 and RM0.730.

However, failure to hold on to support level of RM0.645 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 7 Nov 2019

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Labels: EWEIN

Related Stocks

Chart Stock Name Last Change Volume 
EWEIN 0.345 0.00 (0.00%) 3,172,500 

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