TDM has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.875 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
TDM has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of TDM are 0.86 and 0.92 respectively. Based on the indicator analysis, the counter is primed for some price weakness as indicated by the RSI being in the overbought region.
That's great, snowwhite! I bot 3 years ago, at RM1.80 and 12 lots became 72 lots. My average price was 30 cts..Sold all at average of 85 cents and exchanged for other shares. Profit 183%, not counting the dividends paid over the last 3 years. Tot made enough, and switched to other shares. Earnings of late not really that good, but because it's a 'government' share, would have support.
Asriruslan, to hope for RM2?? That's too optimistic! What's its' earnings??
Predict to up 1.5 if the transaction volume could be maintain like today. Over 27 Million shares... Just bought another 200K share... at 0.93 average pray for miracle...
TDM 1H eps=0.59 cents, Q313 plantation CPO - 20% vs last year, AVG price CPO Q313' down 20% COMPARE 2012'. mean Q313' RESULT ATLEAST 20% DOWN compare last year. the best result for 13'. eps = 4 cents . pe = 24.25 times. base on TDM policy 30% EPS for dividend = 1 cent DY=1.03 cent. TDM future is goods but after 2015' , presently cash will use for expansion for plantation & hospital, I will not BUY TDM now, due to above above reason, the reasonable price for me is below 75 cents.
TDM has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, there is a technical level at 0.935 which may support any short-term retracement. RSI is also showing an overbought condition which may indicate some retracement may take place especially if the support level of 0.935 is broken.
TDM has been trading above its upward sloping 20-Day Moving Average which is a good sign. However, we have to be careful as the recent price action broke the support level of 0.935. If a bearish breakout is accompanied by high volume, this indicates the unwillingness of a large pool of traders to hold on to the stock as selling pressure mounts at the support level. This bearish breakout of TDM was accompanied by a lower than average volume which may give a glimmer of hope, however one has to be monitor carefully the price action in the coming sessions.
Base on the PVT the momentum is still hold but not as strong as 27M shares traded a few days ago... however with 5M shares traded today, I hope will break 1 RM next week.
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asriruslan
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Posted by asriruslan > 2013-10-30 09:42 | Report Abuse
TDM has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.875 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.