RHB Retail Research
Trading Stocks - Tiong Nam Logistics
Tiong Nam Logistics may rebound further after it tested the MYR0.47 support recently. The stock has posted another white candle, leaving an upside gap – which is a positive. An upward bias may emerge above the MYR0.495 level, with an exit set below the MYR0.47 threshold. Towards the upside, the immediate resistance is at the MYR0.53 mark. This is followed by the MYR0.55 level.
Source: RHB Securities Research - 10 Dec 2019
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