Friday 21 Jun 2024
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KUALA LUMPUR (Dec 26): RHB Retail Research said Ewein Bhd is set for an uptrend reversal as it bounced off the 21-day simple moving average line, breaching the RM1.23 immediate resistance last Friday, with improved trading volume.

In a trading stocks note on Monday, the research house said that riding on the fresh “higher high” bullish pattern, the stock is likely to trend upwards towards the RM1.40 level, followed by the immediate resistance at RM1.58, which is the 52-week high.

“On the flip side, a drop below the RM1.15 support would indicate a potential downtrend,” it said.

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