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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 17 Jan 2020, 9:48 AM

 

TECHNICAL BUY - TDM (2054)

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  • Target Price: RM0.215, RM0.230
  • Last closing price: RM0.205
  • Potential return: 4.8%, 12.1%
  • Support: RM0.195
  • Stop Loss: RM0.185

Possible for further upside. TDM is recovering from its consolidation phase. 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 RM0.195 may indicate weakness in the share price and hence, a cut-loss signal.

 

Source: PublicInvest Research - 22 Nov 2019

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Labels: TDM

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Chart Stock Name Last Change Volume 
TDM 0.315 -0.005 (1.56%) 21,646,500 

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