• Target Price RM3.50
• Last closing price RM3.19
• Potential return 9.7%
• Support RM3.10
• Stop Loss RM3.05

Possible for technical rebound. At the verge of forming into double bottom pattern, TM was oversold last week. Improving RSI and MACD indicators currently signal reasonable entry level, in anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM3.30 be broken, it may continue to lift price higher to subsequent resistance level of RM3.50. However, failure to hold on to support level of RM3.10 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 12 Sept 2018