RHB Retail Research
Technical Analysis - Teo Seng Capital
Teo Seng Capital may rise higher after it breached above the MYR0.90 threshold. Given that the 21-day SMA line has crossed above the 55-day SMA line recently, this indicates a positive sign. A bullish bias may appear above the MYR0.88 level, with an exit set below the MYR0.80 threshold. Towards the upside, the near-term resistance is at MYR0.965. This is followed by the MYR1.06 level.
Source: RHB Securities Research - 13 Dec 2018
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