TM is testing its short-term uptrend line at RM9.75/80

TM has closed the morning session at RM9.70 . Its short-term uptrend line would be considered broken if the share price closed below the RM9.75/80 level. We can see that the daily MACD indicator has exhibited bearish divergence, which may indicate that the current uptrend for TM is not as strong as many think.

Chart: TM's daily chart as at Jan 10