AmInvest Research Reports
Stocks on Radar - Tiong Nam Logistics Holdings (8397)
AmInvest
Publish date: Fri, 24 Apr 2020, 09:09 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Tiong Nam Logistics Holdings’ share price jumped with high trading volume in the latest session. With an RSI above 60%, it may break above the resistance level RM0.40 in the coming sessions. If this happens, the next short-term target prices will be RM0.43 followed by RM0.47. In this case, the downside support is anticipated at RM0.36, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.40
Target: RM0.43, RM0.47 (time frame: 2-4 weeks)
Exit: RM0.36
Source: AmInvest Research - 24 Apr 2020
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