TSH's trend is getting bullish being fueled by the stronger crude palm oil futures yesterday. The share price rose 3.0 sen to RM2.56 and it also breached the overhead Fibonacci resistance. Indicator-wise, the RSI and Stochastic remained bullish while the strong buying momentum has yet to show any sign of waning. A decisive breakout above RM2.56 could initiate a new uptrend. Hence, we believe the strong crude palm oil futures may potentially boost the share price towards its previous high @RM2.87. Meanwhile, the support is pegged at RM2.46 (Fibonacci support). 

 

Source: Kenanga