Short-term view on EWEIN BERHAD Fundamentally healthy company. Company only reported 1 QR loss for pass 5 years.
Uptrend continuous formation since Feb 2021.
Heavy support at RM0.385 and RM0.39
Price break out RM0.40 with increased volume.
Proper retrace and profit taking for 2 days.
Price able to sustain above support level at RM0.39, good sign that the uptrend momentum is still intact.
Recommendation:
1)waiting for more confirmation price pattern ( etc. Bullish engulfing) and better pattern set up.
2) Risk seeker may also building up their position around support level for better returns.
Entry:RM0.39
TP: RM0.445
Cut-loss: RM0.36
