RHB Investment Research Reports
Trading Stocks - Tomei Consolidated
rhbinvest
Publish date: Tue, 31 Oct 2023, 09:30 AM
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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 attempting to resume its uptrend after testing the intraday high of MYR1.24 yesterday – this level acts as an immediate resistance. If bullish momentum increases speed and a technical breakout occurs above this level, the stock is likely to trend higher towards the YTD high of MYR1.35, followed by MYR1.50. Conversely, a decline below the MYR1.17 support signals a reversal of the positive trend.
Source: RHB Securities Research - 31 Oct 2023
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