PublicInvest Research

Trading Ideas - TM (4863)

PublicInvest
Publish date: Wed, 12 Sep 2018, 11:19 AM
PublicInvest
0 11,278
An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

  • Target Price RM3.50
  • Last closing price RM3.19
  • Potential return 9.7%
  • Support RM3.10
  • Stop Loss RM3.05

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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Be the first to like this. Showing 4 of 4 comments

Brian Loke

today hit stop loss ald

2018-09-12 17:28

Flintstones

Dont be herbert chua and lead people to holland

2018-09-12 17:33

Bruce88

Ready to go below 3

2018-09-12 21:34

chkhooju

It certainly will!

2018-09-12 21:43

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