Powerwell (PWRWELL | 0217)
Last Price: RM0.49 | Technical Call: BUY
Support 1: RM0.48 | Resistance 1: RM0.57 |
Support 2: RM0.45 | Resistance 2: RM0.60 |
Shariah Compliant: No | Sector: Industrial |
Powerwell may trend higher after it surged to a 5-month high and closed above the RM0.48 resistance on Friday. The stock also broke out from the 3-week bullish pennant pattern, likely indicate that the near-term bullish trend may persist. A bullish bias may emerge above the RM0.48 level with stop-loss set at RM0.44, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.57, followed by RM0.60.
Entry: RM0.48-0.49
Target: RM0.57, RM0.60
Exit: RM0.44
Source: AmInvest Research - 6 Jan 2025
Chart | Stock Name | Last | Change | Volume |
---|