TM has just broken above its resistance of RM10.10.

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