New buying interest. After touching a low of RM1.13 on 21 January 2016, TNLogis shares resumed its uptrend. We observed strong buying interest yesterday which pushed the price higher. Traded volume was substantial at 1.8m shares versus 14-day average of 0.2m. Positive momentum was further indicated by bullish RSI and MACD golden crossover. Successful penetration at RM1.35 resistance level may lift its share price higher to the next resistance level of RM1.39, followed by RM1.45.

However, failure to hold at support level of RM1.25 may indicates weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 13 Apr 2016