Valina
Technical Review–Tanco Holdings Bhd (2429)
Support: RM1.080
Resistance: RM1.100
Based on our observations, we see Tanco Holdings Bhd (2429) is holding up strongly above its key support level of RM1.080, despite market weakness and selling pressure stemming from conversion of warrants. Currently, Tanco Holdings is challenging its key resistance of RM1.100 before trending to historical high with no visible resistance level.
Hence, we see any weakness in the share price of Tanco Holdings would represent a significant investment opportunity.
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