AmInvest Research Reports

Stock on Radar - TMC Life Sciences’

AmInvest
Publish date: Wed, 03 Jan 2024, 09:48 AM
AmInvest
0 9,338
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

TMC Life Sciences’ buying interest is back after it broke out of the 6-week bullish pennant pattern with a long white candle yesterday. As the stock has surged to a new 52-week high, the near term bullish trend may still have legs. A bullish bias may emerge above the RM0.73 level, with a stop-loss set at RM0.66, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM0.80, followed by RM0.85.

Entry : RM0.73–0.745

Target : RM0.80, RM0.85

Exit : RM0.66

Source: AmInvest Research - 3 Jan 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment