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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 21 Jan 2020, 10:14 AM

 

Technical Buy - TEOSENG (7252)

Author:   |    Publish date:


  • Target Price: RM1.22, RM1.32
  • Last closing price: RM1.16
  • Potential return: 5.1%, 13.7%
  • Support: RM1.13
  • Stop Loss: RM1.09

Possible for upside. TEOSENG is recovering from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.22 be broken, it may continue to lift price higher to subsequent resistance level of RM1.32.

However, failure to hold on to support level of RM1.13 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 4 Oct 2019

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Labels: TEOSENG

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Chart Stock Name Last Change Volume 
TEOSENG 1.20 -0.01 (0.83%) 458,000 

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