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