RHB Retail Research
Trading Stocks - Tomei Consolidated
Tomei Consolidated attempted to extend its uptrend after touching its recent high yesterday. Premised on higher trading volume, the bulls may retest the MYR1.06 immediate resistance level. If it crosses this threshold, it may climb towards the next resistance at MYR1.18, followed by MYR1.27. This expectation would be cancelled if it falls below the MYR0.96 support level.
Source: RHB Securities Research - 12 May 2021
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