May 27, 2015

EWEIN – Short Term Buy RM1.06

EWEIN Stock Code: 7249 Bloomberg Code: EWEI MK Equity

ewein share analysis

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.

Ewein technical analysis

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.

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