RHB Retail Research

Trading Stocks - Tomei Consolidated

Publish date: Fri, 18 Feb 2022, 10:04 AM
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RHB Retail Research

Tomei Consolidated is poised to propel higher after the strong rebound yesterday – hitting the immediate resistance of MYR1.04 on high trading volume. If the bullish momentum continues to break above that level, the stock may climb towards the next resistance level at MYR1.17, followed by MYR1.38. However, the momentum may lose steam if it falls below the MYR0.94 support – forming a “lower low” bearish pattern.

Source: RHB Securities Research - 18 Feb 2022

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