• Target Price: RM1.09, RM1.13

• Last closing price: RM1.00

• Potential return: 9.0%, 13.0%

• Support: RM0.980

• Stop Loss: RM0.930

Possible for sideways breakout. TELADAN is potentially staging a breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM1.05 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM1.09 and RM1.13. However, failure to hold on to support level of RM0.980 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 Jan 2025