Possible for sideways breakout. TCS is potentially staging a breakout from itssideways channel, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.190 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.205.
However, failure to hold on to support level of RM0.170 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 17 Nov 2023
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Created by PublicInvest | May 03, 2024
Created by PublicInvest | Apr 26, 2024