TM has just broken above its strong horizontal resistance at RM10.10 (see Chart 1). This follows closely after the earlier breakout of the 3 TM-CWs i.e. TM-CA, TM-CB & TM-CC (see Chart 2, 3 & 4). From the valuation table below, I would prefer TM-CA to TM-CB or TM-CC because it is cheaper & has a longer tenor to expiry.
Chart 1: TM's daily chart as at Jan 29
Chart 2: TM-CA's daily chart as at Jan 29
Chart 3: TM-CB's daily chart as at Jan 29
Chart 4: TM-CC's daily chart as at Jan 29
Table: The 3 TM-CWs Valuation Compared
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