jfapex
Technical Stock Pick - TMC Life Sciences Bhd
Technical Stock Pick - TMC Life Sciences Bhd
Closed: 53.5 sen
Resistance: (R1) 54 sen /(R2) 60 sen
Support: (S1) 51.5 sen /(S2) 50 sen
TMC Life Sciences Bhd (0101) rose 3.5 sen to 53.5 sen yesterday to breach the 200-day moving average (orange line).
Technical indicators are encouraging with the MACD climbing above its signal line and the RSI has just entered the overbought zone.
After yesterday’s surge, the stock could pull back on profit taking but has a chance to extend its rebound if share price sustains above its immediate support of 51.5 sen marked by the 200-day moving average (orange line).
For the downside, we advise traders to cut loss if the price falls below the second support of 50 sen, marked by 100-day moving average (pink line).
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
