TIME dotCom set to climb higher, says RHB Retail Research

TIME dotCom set to climb higher, says RHB Retail Research
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KUALA LUMPUR (July 7): RHB Retail Research said TIME dotCom Bhd is set to climb higher after it managed to sustain above the RM4.44 recent breakout level on Wednesday, solidifying the “higher high” bullish pattern above the 21-day average line.

In a trading stocks note on Thursday (July 7), the research house said that coupled with improved volume, the stock is expected to climb further towards the RM4.61 resistance of Aug 4, 2021’s high, and then the RM4.76 resistance, or the May 28, 2021’s high.

“If it falls below the support level of RM4.30, the stock may trend downwards as it forms a 'lower low' bearish structure below the average line,” it said.