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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 15 Jan 2020, 11:47 AM

 

Technical View - TDM Bhd (TDM, 2054)

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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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Labels: TDM

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