RHB Retail Research
Technical Analysis - Telekom Malaysia
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Telekom Malaysia was testing the MYR3.68 level in its latest session. A bullish bias may be present above this point with a target price of MYR4.05, followed by MYR4.50. The stock may consolidate further if it cannot breach above the MYR3.68 threshold in the near term. Support may be found at MYR3, where traders can exit upon a breach to minimise downside risk.
Source: RHB Securities Research - 16 Jul 2018
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