RHB Retail Research
Trading Stocks - Tiong Nam Logistics
Tiong Nam Logistics tried to extend its rebound after it crossed above the 21-day SMA line, on improved volume profile. Towards the upside, a rebound extension would be signalled by an upside breach of the MYR0.89 resistance. Subsequent resistance points are pegged at MYR0.95 and MYR1.00. A downside breach of MYR0.865 would cancel this positive trading expectation.
Source: RHB Securities Research - 20 Jan 2021
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