Wednesday, 18 December 2019

Telekom Malaysia Bhd (KLSE : 4863)

Daily chart.

Currently, the price upward movement has been constrained by strong resistance.
From the chart above, take note the confluence of resistance formed by two different indicators.
 
Resistance zone is between RM3.90 to RM3.99 
RC1 at RM3.896 level.

Immediate support levels based on S-Trader Trend Tracker at RM3.60 and RM3.70
Break below RM3.70 level will triggers an alert of potential further downward.


Source :
1) Metastock

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