AmInvest Research Reports
Stocks on Radar - Teo Seng Capital (7252)
AmInvest
Publish date: Mon, 06 Jan 2020, 09:48 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Teo Seng Capital has been consolidating sideways during the last few sessions, with an immediate resistance price of RM1.30. It may trend higher if it breaks the resistance level. If this happens, the short-term target prices will be RM1.35 and RM1.40. In this case, support is anticipated at RM1.25, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.30
Target: RM1.35, RM1.40 (time frame: 3-6 weeks)
Exit: RM1.25
Source: AmInvest Research - 6 Jan 2020
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