RHB Investment Research Reports
Trading Stocks - Tomei Consolidated
rhbinvest
Publish date: Wed, 03 Jan 2024, 12:38 PM
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
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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 towards the 52-week high as it rebounded above the MYR1.24 previous breakout on improved volume yesterday. If the breakout sustains, the stock will likely advance towards the 52-week high level at the MYR1.35 resistance, followed by MYR1.73 – its historical high. Conversely, a drop below the MYR1.20 support would invalidate the bullish setup, falling below the 21-day SMA line.
Source: RHB Securities Research - 3 Jan 2024
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