RHB Retail Research
Trading Stocks - Teo Seng Capital
Teo Seng Capital rebounded from a low, testing the resistance level of MYR0.79. As trading volume has increased in the latest session, we believe the bullish momentum will prevail and the stock will break out from the resistance soon. If this happens, the next resistance level is set at MYR0.815, followed by MYR0.855. Meanwhile, a downward breach of the MYR0.75 support should negate this expectation, and lead to a further share price correction
Source: RHB Securities Research - 9 Nov 2020
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