RHB Investment Research Reports
Trading Stocks - Tomei Consolidated
rhbinvest
Publish date: Wed, 21 Aug 2024, 02:12 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
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 to continue the bullish trajectory after breaking past the resistance on strong volume. We have observed the trading volume rising in tandem with the share price, showing a strong bullish momentum is now in play. After breaking past the MYR2 resistance, the stock may climb towards MYR2.14, followed by the MYR2.30 mark. If the counter falls below the MYR1.86 support, this negates the bullish setup.
Source: RHB Securities Research - 21 Aug 2024
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