Trading Ideas: Tanco Holdings Bhd (2429)

As we step into 2025, Tanco Holdings Bhd has achieved a significant milestone, successfully breaking through the key resistance level of RM2.00 and closing at RM2.01 today. Observations from the MCDX indicator highlight continued strong accumulation, with substantial shareholder Dato’ Sri Andrew Tan Juan Suan actively increasing his stake in the company.

The stock remains well-supported above its EMA20, signalling sustained bullish momentum. With this solid technical setup, we are optimistic about Tanco's potential to extend its upward trajectory in the near term.