Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 13 Jan 2021, 6:07 PM


Tehnical View- TCS Group Holdings Bhd

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TCS Group Holdings Bhd (0221)

• TCS jumped 9.1% or 4 sen to RM0.475 yesterday.

• Yesterday’s active trading volume saw a bullish breakout from key resistances level indicating strong buying interest. Chart-wise, it has broken out of its consolidation and is poised for a bullish uptrend with key positive indicators signalling bullish momentum which is likely to see it head towards the RM0.60 level.

• As such, resistance levels are found at RM0.52 (R1) and RM0.60 (R2) level.

• On the downside, support levels are identified at RM0.42 (S1) and RM0.37 (S2).

Source: Rakuten Research - 27 Nov 2020

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Labels: TCS

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Chart Stock Name Last Change Volume 
TCS 0.54 0.00 (0.00%) 762,300 

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