RHB Retail Research: Tiong Nam Logistics likely to extend rebound

RHB Retail Research says Tiong Nam Logistics Holdings Bhd formed a white candle to cross above the MYR0.42 resistance point in the latest session.

In a trading note, the research house says this suggests that the rebound from the recent low of MYR0.39 is extending.

“Towards the upside, the resistance levels are eyed at MYR0.455, followed by MYR0.47.

“A stop-loss can be placed below MYR0.41,” it says.

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