RHB Retail Research
Trading Stocks - Tek Seng
Tek Seng is rebounding and about to test the resistance level marked at MYR0.73. Observe that the stock is crossing above the 21-day SMA line, indicating a potential change of trend. If it trades above the resistance, it may climb higher towards the next resistance level at MYR0.78, followed by MYR0.83. Meanwhile, a downward breach of the MYR0.68 support will negate this expectation.
Source: RHB Securities Research - 18 Feb 2021
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