RHB Retail Research
Trading Stocks - Tiong Nam Logistics
Tiong Nam Logistics’ latest positive performance on healthy volume is indicating that the 1-week correction phase has likely completed. There is now a high chance that it is in the process of extending its multi-week upward move. A positive bias may appear above MYR0.54 with resistance levels set at MYR0.595 and MYR0.65. A downside breach of MYR0.54 would nullify this positive case.
Source: RHB Securities Research - 16 Nov 2020
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