RHB Retail Research
Trading Stocks - Tomei Consolidated
Tomei Consolidated is set to move higher after breaching above the immediate resistance on surging volume yesterday. The bullish bias has emerged above the MYR0.98 resistance-turnedsupport, signifying a positive momentum that may lift the stock towards the nearest resistance of MYR1.08, then MYR1.15. Meanwhile, falling below the MYR0.895 support will cancel this expectation.
Source: RHB Securities Research - 7 Jul 2021
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