EWEIN Stock Code: 7249 Bloomberg Code: EWEI MK Equity
Ewein Berhad (EWEIN) is an investment holding company. The company, through its subsidiaries, manufactures and designs precision sheet metal moulds, tools, dies and fabricated parts, used in electrical and electronics equipment. It also manufactures precision plastic injection molding products and product finishing.
RecommendationEWEIN made a major daily Wave 2
low of MYR0.47 (19 Mar 2015) with grossly oversold and bullish signals. All its
positive signals above suggest a very strong daily uptrend. It is likely to
break into higher territory, as it breached its key resistance areas in a very
clear Wave 3 and 5 surge.
SHORT-TERM BUY (TECHNICAL) on dips for EWEIN with very firm supports of MYR0.90 and MYR1.06 as well as clear upside target areas of MYR1.11, MYR1.30 and MYR1.55.
SHORT-TERM BUY (TECHNICAL) on dips for EWEIN with very firm supports of MYR0.90 and MYR1.06 as well as clear upside target areas of MYR1.11, MYR1.30 and MYR1.55.
by Maybank IB
