RHB Retail Research
Trading Stocks - Tiong Nam Logistics Holdings
Tiong Nam Logistics Holdings is set for a strong uptrend after breaching its consolidation phase of MYR0.90 on surging volume. If it manages to stay above that level, the strong buying interest may propel the stock towards the MYR1.00 psychological level before it reaches the MYR1.09 level or its 52-week high. Conversely, falling below the MYR0.88 support level will cancel this expectation.
Source: RHB Securities Research - 27 Oct 2021
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