Technical BUY with +19.0% potential return • Last price : RM1.34 • Target Price : RM1.50, RM1.59 • Support : RM1.26 • Stop-loss: RM1.25
BUY with a target price of RM1.69 with stoploss below RM1.25. Despite the share price still consolidating below the “cloud” in the past 4 months, we expect a potential breakout in the near term amid growing interest as shown by the improvement in the trading volume of 0.46m shares (20-day average) vs 0.23m shares (earlier 20-day average). A leading indicator of stochastic has flashed a bullish crossover which indicates growing momentum. As TNL closed above our BBI line (Bullish- Bearish-Indicators) last Friday, we expect an upward continuation from here onwards with immediate target pegged at the previous high of RM1.50. A successful breakout above the aforementioned level would likely place the share price on track to hit the 1.38x Fibonacci extension level of RM1.59 in the medium term.
when I was driving frm KL to Kluang...i have seen 5-6 Tiong Nam lorries along the way....my general assumption....the logistic business is still a good business..
Are they providing warehouse services? Warehousing business will have good business due to warehousing scheme under GST, when people want to delay GST on importation, they will park their stock in the warehouse first
It is time to buy in more,as this can be considered as the lowest share price as compared to the previous month.What are we waiting for? Don't regret when it is too late
Based on the past record, when the news of petrol price increase was announced, TNL stock will drop, after a week, it will start to increase, I guess now is the best timing to buy in. Buffett says, "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful".
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Julica Edward
35 posts
Posted by Julica Edward > 2014-08-25 16:59 | Report Abuse
somebody purposely push down the price everyday..