Ta Win Holdings Bhd (7097)

• TAWIN gained 9.1% or 1 sen to RM0.12 last Friday.
• Last Friday’s move could signal potential rebound from its bottom as key momentum indicator RSI has bounced off from oversold region. Their recent positive quarter results which see them return to profitability is likely to provide support and continue to trend higher given the upward movement of key indicator.
• As such, resistance levels are expected at RM0.14 (R1) and RM0.19 (R2).
• Conversely, immediate support levels are identified at RM0.115 (S1) and RM0.11 (S2).

Source: Rakuten Research - 3 Sept 2019