RHB Investment Research Reports

Trading Stocks - Tomei Consolidated

Publish date: Tue, 27 Feb 2024, 10:25 AM
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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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