Possible for sideways breakout. EWEIN is potentially staging a breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.295 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.305 and RM0.325.
However, failure to hold on to support level of RM0.265 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 1 Mar 2022
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Created by PublicInvest | Apr 26, 2024