RHB Investment Research Reports
Trading Stocks - Tomei Consolidated
rhbinvest
Publish date: Thu, 20 Jul 2023, 11:20 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
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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 in the midst of consolidating near the 21- day SMA line, which saw it test the MYR1.07 immediate resitance level recently. If it manages to rebound above that level, the stock should rebound higher towards the MYR1.14 resistance, followed by the next resistance at MYR1.24. Towards the downside, falling below the MYR1.01 support would indicate a reversal to a downtrend.
Source: RHB Securities Research - 20 Jul 2023
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