RHB Retail Research
Trading Stocks - Tomypak
Tomypak’s buying momentum may have returned after it recently rose above the 21-day SMA line. This uptrend is likely to continue, given that it has posted a second consecutive white candle. A positive bias may emerge above the MYR0.53 level, with an exit set below the MYR0.495 threshold. Towards the upside, the immediate resistance is at the MYR0.60 mark. This is followed by the MYR0.65 level.
Source: RHB Securities Research - 27 Nov 2019
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