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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 23 Jan 2020, 9:54 AM

 

Stocks on Radar - Teo Seng Capital (7252)

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Teo Seng Capital may soon test the RM1.17 resistance level. With a rising RSI, a bullish bias may be present above this mark with short-term target prices of RM1.24 and RM1.31. Meanwhile, it may continue moving sideways if it fails to cross the RM1.17 mark in the near term. In this case, the downside support is anticipated at RM1.10, whereby traders may exit on a breach to avoid the risk of a further correction .

Trading Call: Buy upon breakout above RM1.17
Target: RM1.24, RM1.31 (time frame: 3-6 weeks)
Exit: RM1.10

Source: AmInvest Research - 4 Oct 2019

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Labels: TEOSENG

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Chart Stock Name Last Change Volume 
TEOSENG 1.16 0.00 (0.00%)

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