Rakuten Trade Research Reports
Technical View - Tiong Nam Logistics Holdings Bhd
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Publish date: Fri, 29 Jan 2021, 06:25 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Tiong Nam Logistics Holdings Bhd (8397)
• TNLOGIS dropped 1.2% or 1 sen to RM0.86 on Wednesday.
• From the chart, the upward trend of the stock remains intact as share price is trading above the key moving averaging lines. Buying interest remains healthy and should it persist, share price is likely to trend higher.
• As such, resistance levels are expected at RM0.90 (R1) and further to RM1.00 (R2).
• On the downside, support levels are seen at RM0.78 (S1) and RM0.70 (S2).
Source: Rakuten Research - 29 Jan 2021
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