TAGB has broken out from a “Bullish Flag” chart pattern with its 1.5 sen gain yesterday (RM0.335 closing price). We believe the stock turned bullish now after the strong showing on the volume indicator. The Key indicators (MACD,
RSI, Stochastic) are all positive and improving. Thus, we believe that the share price could potentially extend its gains towards RM0.375 (+11.9%). Meanwhile, downside appears capped at RM0.315.
Source: Kenanga