Possible for technical rebound. At the verge of forming into double bottom pattern, TM was oversold last week. Improving RSI and MACD indicators currently signal reasonable entry level, in anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM3.30 be broken, it may continue to lift price higher to subsequent resistance level of RM3.50. However, failure to hold on to support level of RM3.10 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 12 Sept 2018
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TMCreated by PublicInvest | Nov 12, 2024
Brian Loke
today hit stop loss ald
2018-09-12 17:28