Teo Seng Capital may rebound further after it tested the MYR1.18 support in recent sessions. The stock posted a white candle and left an upside gap yesterday, which is a positive sign. A bullish bias may appear above the MYR1.23 level, with an exit set below the MYR1.18 threshold. Towards the upside, the near-term resistance is at MYR1.34. This is followed by the MYR1.40 level.

Source: RHB Securities Research - 5 Apr 2019