RHB Investment Research Reports
Trading Stocks - Ewein
rhbinvest
Publish date: Tue, 26 Dec 2023, 11:40 AM
rhbinvest
0 4,584
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Ewein is set for an uptrend reversal as it bounced off the 21- day SMA line, breaching the MYR1.23 immediate resistance on Friday, with improved trading volume. Riding on the fresh “higher high” bullish pattern, the stock is likely to trend upwards towards the MYR1.40 level, followed by the immediate resistance at MYR1.58, which is the 52-week high. On the flip side, a drop below the MYR1.15 support would indicate a potential downtrend.
Source: RHB Securities Research - 26 Dec 2023
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