AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 5 Aug 2021, 9:40 AM


Stocks on Radar - Tek Seng Holdings (7200)

Author:   |    Publish date:

Tek Seng Holdings is moving higher, touching the RM1.19 resistance level. With the RSI indicator pointing upwards, coupled with a higher low candlestick pattern, we think that the bullish momentum is still intact and will continue to travel towards the short-term target price of RM1.33 followed by RM1.47. In this case, the downside support is marked at RM1.05, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.19
Target: RM1.33, RM1.47 (time frame: 2-4 weeks)
Exit: RM1.05

Source: AmInvest Research - 5 Aug 2020

Share this

Related Stocks

Chart Stock Name Last Change Volume 
TEKSENG 0.51 -0.01 (1.92%) 76,100 

  Patrick13 likes this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards

463  358  581 

Top 10 Active Counters
 VSOLAR 0.015+0.005 
 FINTEC 0.0250.00 
 SAUDEE 0.095+0.005 
 KANGER 0.0650.00 
 KAB 0.59-0.02 
 SERBADK 0.395-0.015 
 DNEX 0.7550.00 
 SERSOL 0.41+0.005 
 SCOPE 0.275+0.025 
 YBS 0.48+0.03