Teo Seng Capital Bhd (7252)

• TEOSENG gained 1 sen or 0.97% to close at RM1.04 last Friday.
• Teo Seng rebounded and close with white candle following heavy sell down over the past few trading sessions. RSI is exhibiting oversold signal and bottoming. From here it is consolidating and forming a base and likely to trend higher.
• As such, resistance levels are identified at RM1.16 (R1) and further to RM1.27 (R2).
• Likewise, support levels are expected at RM1.00 (S1) and RM0.90 (S2).

Source: Rakuten Research - 27 May 2019