Tiong Nam could trade higher after closing at its highest in more than five years. Position can be initiated above RM1.20, or otherwise above RM1.30, with a close below last Friday’s low of RM1.19 as a stop-loss. Price targets are RM1.45 and RM1.60. The stock is likely to return to its prior sideways trend should the stop-loss be triggered. Supports are at RM1.08 and RM0.95.
Source: OSK
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