RHB Retail Research
Trading Stocks - Teo Seng Capital
Teo Seng Capital may climb higher after it formed a third consecutive white candle. This can be viewed as a continuation of the bulls extending the upward momentum from 2 Jul’s upside gap. A bullish bias may appear above the MYR1.17 level, with an exit set below the MYR1.10 threshold. Towards the upside, the near-term resistance is at MYR1.30. This is followed by the MYR1.43 level.
Source: RHB Securities Research - 4 Jul 2019
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