RHB Retail Research
Trading Stocks - Tiong Nam Logistics
Tiong Nam Logistics may rise higher after it formed a third consecutive white candle. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR0.565 level, with an exit set below the MYR0.545 threshold. Towards the upside, the immediate resistance is at MYR0.63. This is followed by the MYR0.66 level.
Source: RHB Securities Research - 31 Jul 2019
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