Ewein broke past the resistance level of RM0.715 in the latest session with higher trading volume. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM0.78 followed by RM0.82. If it dips below RM0.715, expect a sideway consolidation again. In this case, support price is anticipated at RM0.67, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.715

Target: RM0.78, RM0.82 (time frame: 3-6 weeks)

Exit: RM0.67

Source: AmInvest Research - 8 Jul 2019