Rakuten Trade Research Reports
Technical View - TDM Bhd (TDM, 2054)
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Publish date: Wed, 08 Apr 2020, 12:41 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
TDM Bhd (2054)
• TDM rose 5.0% or 1.0 sen to RM0.21 yesterday.
• Share price has broken out of its downtrend recently and is on an upward momentum with positive key technical indicators, hence we expect it to rebound to test its resistance level at RM0.28.
• As such, resistance levels are seen at RM0.24 (R1) and further to RM0.28 (R2)
• Likewise, support levels are identified at RM0.19 (S1) and RM0.11 (S2).
Source: Rakuten Research - 8 Apr 2020
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