Rakuten Trade Research Reports
Technical View - Tiong Nam Logistics Holdings Bhd
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Publish date: Thu, 18 Mar 2021, 05:44 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 (TNLOGIS, 8397)
• TNLOGIS closed 4.2% or 3.5 sen higher to RM0.87 yesterday.
• Recent price action suggests re-emergence of buying interest as it has gradually rebounded from a recent low of RM0.785 and closed with positive candle yesterday. Meanwhile, the uptick on indicators are signifying encouraging signals implying share price is likely to propel higher.
• From here, key resistance levels are expected at RM0.95 (R1) and further to RM1.00 (R2).
• On the downside, support levels are set at RM0.825 (S1) and RM0.780 (S2).
Source: Rakuten Research - 18 Mar 2021
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