RHB Investment Research Reports
Trading Stocks - Teo Seng Capital
rhbinvest
Publish date: Thu, 06 Feb 2025, 10:31 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.
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
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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 eyeing to resume the upside movement after staging a technical breakout. The stock has printed a long white candlestick with high volume, which shows a strong bullish momentum is underway. After the breakout at MYR1.10, we expect follow-through price actions to test the MYR1.18 level, followed by the MYR1.25 mark. On the downside, falling below the MYR1.03 support will negate the bullish setup and resume the correction
Source: RHB Securities Research - 6 Feb 2025
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