Actionable Trading Ideas -Tanco Holdings Berhad

Despite the naysayers in the market, $TANCO (2429.MY)$ had successfully breached our previous target of 1.50 (R1) and 1.80 (R2) levels. We see the stock to continue growing strong towards the 2.00 (R3) dream, with an immediate support of 1.80 (S1). However, with the EMA/MA customised indicators together with the Bollinger Band consolidating, there is no going back for Tanco Holdings except going North.