RHB Retail Research: Tomei Consolidated marks resumption of upward move

RHB Retail Research says Tomei Consolidated Berhad formed a white candle to cross above its 7-week downtrend line – potentially marking the resumption of its upward move.

In a trading note, the research house says a positive bias may emerge above MYR0.47, with resistance points pegged at MYR0.515, followed by MYR0.550.

“A stop-loss can be placed below MYR0.47,” it says.

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