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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Created by rhbinvest | Aug 23, 2024