Rakuten Trade Research Reports
Technical View - TDM Bhd (TDM, 2054)
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Publish date: Fri, 06 Dec 2019, 10:52 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
TDM Bhd (2054)
• TDM advanced 2 sen or 8.9% to RM0.245 yesterday.
• Share price hit its 52-week high at RM0.255 level yesterday, suggesting strong buying momentum. Chart wise, share has also crossed above leading key moving averages and we expect it to move higher.
• From here, resistance levels are seen at RM0.26 (R1) and RM0.28 (R2).
• Conversely, support levels can be identified at RM0.215 (S1) and RM0.205 (S2).
Source: Rakuten Research - 6 Dec 2019
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