TDEX’s share price was up by 1.0 sen (4.4%) to RM0.24 with a spike in trading volume, and has been on an uptrend since Aug-14. Chart-wise, there appears to be a Golden Cross as the 50–day SMA has broken above the 100–day SMA, while the stock is trading above all 3 SMA’s. Key indicators are also supportive of the uptrend as the MACD has just crossed over the Signal Line. RSI and Stochastic are also pointing upwards implying strong buying interest. Should this bullish trend persist, we are expecting the follow-through buying interest to rally the share price towards our ‘Rounding Bottom’ measurement objective to RM0.30.

 

 

Source: Kenanga