Saturday, February 4, 2017

Technical Analysis Feb 2017: TNLOGIS (8397)


TIONG NAM LOGISTICS HOLDINGS BERHAD 

Observation from Chart:-

TNLOGIS (8397) succeed breakout bolinger band squeeze resistance.

How high will it go?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

Immediate resistance @ RM1.72 level.
Subsequent resistance @ RM1.75 level.

Immediate support @ RM1.62 level.
Subsequent support @ RM1.54 level.

Let's watch closely.

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