Teladan Setia Group Berhad

• Share price closed 5.22% higher at RM1.21 on Friday.

• TELADAN broke up from its resistance level twice at RM1.16 and RM1.20 last Friday with strong buying interest. It has been trading above its MA 200 line and the uptrend momentum remains intact. Coupled with MACD crossover and indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM1.22 (R1) and RM1.25 (R2).

• On the flipside, support levels are pegged at RM1.12 (S1) and RM1.10 (S2).

Source: Rakuten Research - 27 Mar 2023

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