Telekom Malaysia has likely completed its 1-month correction phase, and its uptrend is likely resuming. The latest session saw the stock piercing above the 21-SMA line on strong volume. A positive bias is expected above MYR6.17, with resistance points set at MYR6.65 and MYR6.80. A downside breach of MYR6.17 would negate this expectation.
Source: RHB Securities Research - 18 Mar 2021
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