Technical stockpick -  Tsh Resources Bhd
Wed, 04-Dec-2024 06:46 am
by Kenneth Leong • Apex Research

TSH (9059)
Last Price (RM)
1.19
Resistance (RM)
R1 — 1.23 / R2 — 1.28
Support (RM)
S1 — 1.15

Technical Commentary: Following the correction since July 2024, price has formed a rounded bottom formation and staged a recovery in November. After taking a mild breather, price bounced off EMA20. For now, traders may anticipate an extension of recovery to target the next resistances located at RM1.23-RM1.28. Downside wise, support is pegged at RM1.15.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.469651 4.506675
EUR 4.657726 4.670202
CNY 0.614066 0.615959
HKD 0.575567 0.580195
SGD 3.287518 3.315825