Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.

Join Dstockmarket Telegram Group

Join Dstockmarket Facebook Page

Technical Analysis Of TMC Life Sciences Berhad

Technical outlook for TMC Life Sciences Berhad's stock price and stock chart.

25 November 2019 Monday

I shall begin with a look at the weekly chart of TMC Life. I do think that this stock is not a very good candidate for my readers.

The weekly chart above tells us that the stock is in a weekly downtrend. The green area is a support area and thus this helps to keep the stock afloat. However, this stock is still in a weekly downtrend and therefore I do not recommend trading or investing in this stock.

Unless the stock goes above the weekly downtrend line, it is not a very good candidate to invest in.

What you my readers should do is to find stocks that are in an uptrend. That in the long run will work best for most people.

The daily chart shows us that the stock is also in a daily downtrend.

Recently it might be forming a daily double bottom but I think it is a weak one. If the stock drops below the lows of the pattern then it could go lower. 

Note that the stock is below the declining 200 MA. That is something you do not ever want to see in a stock that you are holding.

So my advice would be to ignore this stock.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. Technical Analysis Of The KLCI July 2020

    Jul 07, 20 09:25 AM

    Here is a technical outlook for the KLCI.

    Read More

  2. Technical Analysis Of the US Stock Market July 2020

    Jul 07, 20 09:24 AM

    Here is a technical outlook for the US stock market.

    Read More

  3. KLCI Analysis June 2020

    Jun 29, 20 08:04 AM

    Technical analysis of the KLCI for the month of June 2020. What is likely to happen? Read here.

    Read More

  4. US Stock Market Analysis For The Month Of June 2020

    Jun 29, 20 08:03 AM

    Well, sell in May did not materialize for the S&P 500 but the market continues to chugg higher. What is in store for us this month?

    Read More

  5. US Stock Market Analysis April 2020 - The Coronavirus Impact

    Apr 30, 20 07:49 AM

    What is the stock market likely to do from this impact of the Coronavirus? Will it continue to fall or a bottom is near. We will use charts to guide us.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.