Nov 12, 2013

Tanjong Offshore Technical - Bullish Momentum

Technical Comments: Bullish momentum on Tanjung Offshore should enhance breakout potential above 77.5sen (29/5/13 peak) to target  90sen (123.6%FP),  97sen  (138.2%FP)  and RM1.03 (150%FP) ahead.  Important  retracement  support  is  at  65sen  (23.6%FR).

below: Tanjong Offshore Daily Chart (click to enlarge)tanjung offshore chart

by TA Securities

Tanjung Offshore Berhad is principally an investment holding company.