• Technical BUY with +17.0% potential return
• Last price: RM0.765
• Target price: RM0.865, RM0.895
• Support: RM0.70
• Stop-loss: RM0.695

BUY with a target price of RM0.895 and stop-loss at RM0.695. Based on the chart, TMCL formed a bullish candle and closed above the BBI line after the recent pullback movement. An uptick in the RSI and DMI suggests a rising momentum, which in our view, could push the share price towards our targets of RM0.865 and RM0.895 in the near term. Currently MACD is on the verge of making a golden cross to the positive signal.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 3 Aug 2018