Ewein has rebounded from its low to test the immediate resistance level of RM0.67. With a rising RSI above 60%, the bullish momentum may continue and move towards the target prices of RM0.72 and RM0.78. If it dips below RM0.67, it will move sideways for further consolidation. In this case, the immediate support is anticipated at RM0.61, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.67

Target: RM0.72, RM0.78 (time frame: 3-6 weeks)

Exit: RM0.61

Source: AmInvest Research - 24 Oct 2019