Accumulate now bec. the lorries are expected to head north and thereore heavily loaded with cash to be distributed to the patient and smart investors before end of the month!
Tiong NAM Logistics Holdings (TNL MK) 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. Expected Timeframe: 2 weeks to 2 months
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....
4619
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Posted by 4619 > 2014-08-07 16:53 | Report Abuse
Lorry trailer climbs hill slowly