Teo Seng Capital may climb higher after posting a long white candle and hitting its new 52-week high yesterday. In view of the uncovered upside gap formed on 17 Feb, the bullish momentum is likely to pick up further. A bullish bias may emerge above the RM0.85 level, while setting a stoploss at RM0.82, below 17 Feb’s low. Towards the upside, we are eyeing the near-term resistance level at RM0.91, followed by RM0.95.

Entry: RM0.85–0.87

Target: RM0.91, 0.95

Exit: RM0.82

Source: AmInvest Research - 22 Feb 2022