RHB Investment Research Reports
Trading Stocks - Tomei Consolidated
rhbinvest
Publish date: Tue, 27 Feb 2024, 10:25 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
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
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 poised for a technical breakout after inching higher above the 21-day SMA line – heading towards the MYR1.30 mark. If a breakout above that level occurs to form a fresh “higher high” bullish structure, the counter may climb towards MYR1.40, then MYR1.49. Conversely, breaching below the MYR1.23 support will kick off a downtrend.
Source: RHB Securities Research - 27 Feb 2024
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