RHB Retail Research

Trading Stocks - Tomypak

rhboskres
Publish date: Wed, 27 Nov 2019, 04:44 PM
rhboskres
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RHB Retail Research

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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