RHB Investment Research Reports
Trading Stocks - TDM
rhbinvest
Publish date: Thu, 29 Feb 2024, 11:12 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
TDM staged a bullish breakout, and is eyeing to scale higher. After consolidating sideways for the past one year, the counter managed to break past the MYR0.20 resistance. We observe that trading volume has been increasing, showing the bulish momentum is picking up pace. The renewed momentum should lift the stock towards MYR0.23, followed by MYR0.245. Conversely, falling below the MYR0.18 support will negate the bullish setup.
Source: RHB Securities Research - 29 Feb 2024
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