RHB Retail Research
Trading Stocks - Tiong Nam Logistics
Tiong Nam Logistics may rebound higher after it continued holding above the MYR0.35 support. Yesterday’s candle sent the stock to near its 1-month high, thereby enhancing the bullish sentiment. An upbeat bias may emerge above the MYR0.375 level, with an exit set below the MYR0.35 mark. Towards the upside, the immediate resistance is at the MYR0.425 level, followed by the MYR0.45 threshold.
Source: RHB Securities Research - 24 Apr 2020
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