RHB Retail Research
Technical Analysis - Tiong Nam Logistics
Tiong Nam Logistics
Tiong Nam Logistics was testing the MYR1.13 level recently. A bullish bias may be present above this point with a target price of MYR1.20, followed by MYR1.30. The stock may take a breather if it cannot breach above the MYR1.13 threshold decisively in the near term. Support may be found at MYR0.97, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 12 Jul 2018
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