Teo Seng Capital may rise higher after it breached above the MYR1.00 threshold. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the coming sessions. A bullish bias may emerge above the MYR0.99 level, with an exit set below the MYR0.95 threshold. Towards the upside, the immediate resistance is at MYR1.08. This is followed by the MYR1.14 level.

Source: RHB Securities Research - 11 Jan 2019