RHB Investment Research Reports
Trading Stocks - Tomei Consolidated
rhbinvest
Publish date: Tue, 08 Mar 2022, 08:48 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Tomei Consolidated is set to propel upwards after it broke above the MYR1.12 resistance level on strong volume – supported by the “Runaway Gap” printed yesterday. If it manages remain above that level, the bulls may jump further towards the next resistance of MYR1.38, followed by MYR1.49, or the 52-week high. However, the momentum may lose steam if it falls below the MYR1.05 support, ie below the 21-day average line.
Source: RHB Securities Research - 8 Mar 2022
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