RHB Retail Research
Trading Stocks - Tiong Nam Logistics
Tiong Nam Logistics may rebound higher after it continued holding above the MYR0.425 support. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A bullish bias may appear above the MYR0.465 level, with an exit set below the MYR0.425 threshold. Towards the upside, the near-term resistance is at MYR0.515. This is followed by the MYR0.55 level.
Source: RHB Securities Research - 8 Jul 2019
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