RHB Retail Research
Trading Stocks - Teladan Setia Group
Teladan Setia is showing signs of extending the uptrend after forming ‘three white soldiers’ recently, before a pause yesterday. If it manages to cross above the MYR0.625 resistance level, expect the bullish momentum to travel towards the next resistance of MYR0.64, followed by MYR0.70. Meanwhile, if the support level of MYR0.575 is breached, this trading set-up would be invalidated.
Source: RHB Securities Research - 26 Mar 2021
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