Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 2 Dec 2020, 2:38 PM


Technical View - TDM Bhd (TDM, 2054)

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TDM Bhd (2054)

• TDM rose 5.0% or 1.0 sen to RM0.21 yesterday.

• Share price has broken out of its downtrend recently and is on an upward momentum with positive key technical indicators, hence we expect it to rebound to test its resistance level at RM0.28.

• As such, resistance levels are seen at RM0.24 (R1) and further to RM0.28 (R2)

• Likewise, support levels are identified at RM0.19 (S1) and RM0.11 (S2).

Source: Rakuten Research - 8 Apr 2020

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Labels: TDM

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Chart Stock Name Last Change Volume 
TDM 0.315 +0.005 (1.61%) 34,115,900 

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