The FBMKLCI ended on a flat note with daily volume back to the 3.6bn thresholds.
“For today, we anticipate another listless trading session with the index to trend between the 1,710-1,720 range,” says Rakuten.
Technical View: TM (4863)
- TM broke out from its recent consolidation on strong volume. The share price remains comfortably above both EMA20 and EMA50, reinforcing the underlying bullish trend.
- Resistance levels are identified at RM8.18 (R1) and RM8.80 (R2). Support levels are pegged at RM8.00 (S1) and RM7.75 (S2).
#businessnews
Leave a Reply
You must be logged in to post a comment.