Technical Review (30/10/2024) - TWL Holdings Berhad

Support: RM0.025
Resistance: RM0.030

The price movement of TWL Holdings Berhad (TWL, 7079) has been relatively stable across the board, with a great trading opportunity between the fair value gap of RM0.025 for BUY, and RM0.030 for SELL. If we look at the fund flow, there are minor signs of collection of the company over the red bars, with RSI showing a sign of positive buying power.

Nonetheless, we think TWL could be an interesting trading idea with a defensive bid at RM0.025 and immediately TP at RM0.030. We remain positive over the mid term movement of the company.