The Bursa Exchange has been quite volatile last week and the FBM KLCI has turned negative at the time of writing going into the final day of the reporting season. Although the market was slightly negative, things are going well for our Daily Pick list. In our daily list, some of the stocks that have triggered as early during the start of the trading session.
One of the stocks under our list is TNLOGIS. We found this stock to be one of the potential beneficiaries of the vaccine theme as Malaysia’s government has agreed to get Pfizer’s ultra cold vaccine and TNLOGIS has the cold chain facilities. Technically, TNLOGIS has consolidated over the past 3 trading days before breaking out today above RM0.775. With the vaccine news flow likely to persist over the next few weeks, TNLOGIS should trend higher, potential resistance will be located around RM0.92-1.00. Support is at RM0.775.
TNLOGIS – A clear breakout above RM0.775
Source: M+ Wiz
Do note that the example above is not a recommendation for buying and selling purposes, please take advice from your brokers before making any important decisions in the market.
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