TDM has been consolidating sideways during the last several sessions. With an RSI above 50%, it may break the resistance level of RM0.20. If this happens, the short-term target price will be RM0.24 followed by RM0.275. Meanwhile, it may lose its bullish momentum if it fails to break the resistance in the near term. Support is anticipated at RM0.165, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.20

Target: RM0.24, RM0.275 (time frame: 3–6 weeks)

Exit: RM0.165

Source: AmInvest Research - 23 Apr 2019