TAWIN

Sector: Industrial Products & Services (Metals)

Analysed on 31/10/2021

This is TAWIN weekly chart. TAWIN started its uptrend since March 2020. There is no sign of retracement at the moment as EMA 25 stayed above EMA 50. TAWIN managed to enter into electric vehicle market as its subsidiary being appointed as the global vendor in international technology and mobility company Aptiv plc’s global automotive supply chain. We believe that TAWIN can be benefited with the current growth of electric vehicle in global market. TAWIN price closed at RM 0.155 on last Friday with immediate resistance and support at RM 0.165 and RM 0.12 respectively. Should TAWIN manage to break its rectangle, it may challenge its year high at RM 0.19. 

Reason to monitor: Potential Resistance Breakout

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