• Technical BUY on breakout with +24.6% potential return
•  Last price : RM0.69
• Target price : RM0.81, RM0.885
• Support : RM0.655
• Stop-loss: RM0.645

BUY on breakout with a target price of RM0.885 and stop-loss at RM0.645. Based on the daily chart, TDM formed a higher high and higher low towards the breakout level of RM0.71 yesterday after a huge drop in the last few months. This is supported by positive readings in the RSI and bullish crossover on the MACD and DMI. We peg our targets at RM0.81 and RM0.885 if TDM penetrates the breakout level of RM0.71.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 26 May 2017