From the chart itself, we could see that Yew Lee (0248)’s share price is entering a consolidation phase, as per what PBIV had mentioned. PBIV had highlighted the short term TP of the industrial brush maker would be 42.5 cents and 44.5 cents. However, I think the company could even go much higher than that. In mid of March 2024, the factory of Yew Lee was officially launched. And as we can see from the recovering glove market in Malaysia a...
$YEWLEE(0248.MY)$ After 6 months of consolidation within a huge symmetrical triangle pattern, it finally broke out from the RM 0.375+ resistance and rallied up towards the RM 0.41+ regions. For now still looking strong here as it's still able to hold above the RM 0.39+ immediate support levels. Could breakout towards the RM 0.43 - RM 0.45+ regions soon if able to breakout from the RM 0.42 major resistance. Support: RM 0.40, RM 0.39 areas Resistance: RM 0.42, ...