High volume is building up,
buying momentum positive.
Possible challenging previous high, RM1.10
1st TP : RM0.95
2nd TP : RM1.10
CL : RM0.845
Risk & Reward : 4
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Recent Transportation Index Breakout , may have good bullish sentiments towards this major transport giant.
After the suez canal incident, transport demands have surged even higher ontop of already high demand.
Points of interest (FIBO) :
R1 0.935
R2 1.010
R3 1.100
S1 0.835
S2 0.790
TNLOGIS trying it 3rd attempt to break up the resistant level
MACD momentum is stronger than previous high and the current price level is at the bottom of the uptrend tunnel.
We can do a swing trade here.
Volume is still missing out
Can monitor at this one, if volume coming in,
I will expect TP around RM1.11(+20%)
CL : -7%
Risk reward ratio : 3.8
Like my...
Some info!
- Revenue increased 21.19% quarter-on-quarter to RM149.05 million from RM122.99 million, according to the group’s filing with the stock exchange.
Recommended!
- 2's pts entry.
- downtrending in sideways!
HI! JUST KEEP IT SIMPLE WITH TECHNICAL ANALYSIS. AS LONG AS IT PROFITABLE AND WORKING, JUST STICK TO IT. BASED ON MY PREDICTION, THIS STOCK WILL REACHED 1.265 IN MIDTERM (MONTHS). THIS IS BASED ON FIBO 1:1 ANALYSIS, SNR DAN PRICE ACTION. JUST BUY @ DEMAND ZONE WITH RISKREWARD RATIO AND STOPLOSS DEPEND ON YOUR TRADING STYLE.
TAYOR!
Some infos!
- It is doubtless a positive to see that the Tiong Nam Logistic share price has gained some 35% in the last three months. But that can't change the reality that over the longer term (five years), the returns have been really quite dismal. The share price has failed to impress anyone , down a sizable 61% during that time
Notably reminder!
- New 6's...
A valid downtrend line has been violated in May, followed by a Golden cross in Oct and significant close above resistance in May support our optimistic view. However the price stock could be making price correction from current Fibonacci resistance level, coincides a divergence on MACD histogram.
Disclaimer: The content on this analysis is subject to change at...
MYX:TNLOGIS
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Strength in the chart:
1. Gap up
2. High volume accumulation
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
![TNLOGIS: TNLOGIS [19 October 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/v/vevouQJ9_mid.png "TNLOGIS [19 October 2020] Buy On Resistant Zone Break Out")
