Rakuten Trade Research Reports
Technical View - Telekom Malaysia Berhad
rakutentrade
Publish date: Mon, 24 Jul 2023, 09:18 AM
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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
Telekom Malaysia Berhad
- Share price closed 0.41% higher at RM4.93 last Friday.
- We noticed TM rebounded from its support of RM4.77 with accumulation over the past weeks in line with the FMB KLCI positive performance. Coupled with indicators currently showing uptick momentum, share price is expected to propel higher.
- Resistance levels are identified at RM4.93 (R1) and RM5.03 (R2).
- On the flipside, support levels are pegged at RM4.77 (S1) and RM4.71 (S2).
Source: Rakuten Research - 24 Jul 2023
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