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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 23 Jan 2020, 9:38 AM

 

Technical Buy - TDM (2054)

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  • Target Price: RM0.215, RM0.230
  • Last closing price: RM0.200
  • Potential return: 7.5%, 15.0%
  • Support: RM0.190
  • Stop Loss: RM0.180

Possible for range-bound trading. TDM is staging a potential rebound off its lower end of sideways channel. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.215 be broken, it may continue to lift price higher to subsequent resistance level of RM0.230.

However, failure to hold on to support level of RM0.190 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 16 Jul 2019

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Labels: TDM

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Chart Stock Name Last Change Volume 
TDM 0.305 0.00 (0.00%)

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