RHB Retail Research
Trading Stocks - Tiong Nam Logistics
Tiong Nam Logistics may rebound higher after it continued holding above the MYR0.48 support. As the stock has formed a white candle for the second consecutive session, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.525 level, with an exit set below the MYR0.48 threshold. Towards the upside, the near-term resistance is at MYR0.58. This is followed by the MYR0.61 level.
Source: RHB Securities Research - 23 Jul 2019
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