Telekom Malaysia stock code 4863)– Trading/Services – RM4.55.
Telekom Malaysia was a trading buy last month when the candle broke out of the uptrend channelat RM4.30 and the candles made a decisive breach before undergoing a brief consolidation period. Thereafter, the candles resumed its strong climb over the past few sessions to settle at RM4.55 yesterday.
TM Technical Daily chart:
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Its core indicators are on the climb again and above their respective upper limit lines, while the MACD has crossed the trigger line on the upside. Collectively, the above positive is leaving the bullish outlook intact for now. Its technical indicators are still looking positive with resistance at RM4.70. Support, meanwhile, is at RM4.40.
by Mercury Securities
