• TCS jumped 9.1% or 4 sen to RM0.475 yesterday.
• Yesterday’s active trading volume saw a bullish breakout from key resistances level indicating strong buying interest. Chart-wise, it has broken out of its consolidation and is poised for a bullish uptrend with key positive indicators signalling bullish momentum which is likely to see it head towards the RM0.60 level.
• As such, resistance levels are found at RM0.52 (R1) and RM0.60 (R2) level.
• On the downside, support levels are identified at RM0.42 (S1) and RM0.37 (S2).
Source: Rakuten Research - 27 Nov 2020
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Created by rakutentrade | Nov 05, 2024