RHB Investment Research Reports
Trading Stocks - Teo Seng Capital
rhbinvest
Publish date: Wed, 18 Sep 2024, 09:47 AM
rhbinvest
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Teo Seng Capital is poised to continue its bullish trajectory after climbing above the resistance level with strong volume. The counter broke past the MYR2.15 resistance level with a long bullish candlestick, showing that strong bullish momentum is underway. Continuation of the upside movement would see the counter moving towards MYR2.35, followed by the MYR2.60 level. However, a fall below the MYR1.95 support level would resume the correction phase.
Source: RHB Securities Research - 18 Sept 2024
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