AmInvest Research Reports

Stock on Radar - POWERWELL HOLDINGS (PWRWELL)

AmInvest
Publish date: Thu, 19 Jun 2025, 10:58 AM
AmInvest
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POWERWELL HOLDINGS (PWRWELL | 0217)

Last Price: RM0.525 | Technical Call: BUY

Technical chart: PWRWELL

Support 1: RM0.51Resistance 1: RM0.57
Support 2: RM0.49Resistance 2: RM0.60
Shariah Compliant: NoSector: Industrial

Powerwell's buying momentum has returned after it broke out of a 1-week bullish pennant pattern with a long bullish candle two sessions ago. With the stock trading near its 52-week high and supported by rising EMAs, further upside potential may now be present. A bullish bias may emerge above the RM0.51 level, with a stop-loss set at RM0.48, below the 16 Jun low. On the upside, near-term resistance is seen at RM0.57, followed by RM0.60.

Entry: RM0.51-0.525

Target: RM0.57, RM0.60

Exit: RM0.48

Source: AmInvest Research - 19 Jun 2025

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