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TDM – Possible For Trend Reversal (2054, Technical Buy)

Infomina secures a RM21.1 million JPJ contract, boosting recurring income visibility and strengthening its public sector presence.

TDM appears poised to break out from its recent pullback, with continued improvement in both momentum and trend anticipated in the near term.

Should immediate resistance level of RM0.225 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.240. However, failure to hold on to support level of RM0.205 may indicate weakness in the share price and hence, a cut-loss signal.

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