Tomypak showing signs of developing minor consolidation phase, says RHB Retail Research

Tomypak showing signs of developing minor consolidation phase, says RHB Retail Research
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KUALA LUMPUR (Jan 18): RHB Retail Research said Tomypak Holdings Bhd is showing signs of developing a minor consolidation phase over past sessions below the 77.5 sen resistance.

In a trading stocks note today, the research house said this comes after its sharp rebound off the 69 sen support recently.

“An upside breach of the 77.5 sen resistance could see the stock visiting the subsequent resistance points of 80.5 sen and 82.5 sen.

“A downside breach of 75 sen would nullify this positive expectation,” it said.