RHB Investment Research Reports
Trading Stocks - Teo Seng Capital
rhbinvest
Publish date: Fri, 19 Jul 2024, 09:43 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Teo Seng Capital is poised to extend the bullish trajectory after staging a bullish breakout. Yesterday, the counter rose higher and closed above the MYR1.90 resistance. We observed the trading volume is surging in tandem with the share price, showing strong bullish momentum is underway. The counter may print a fresh “higher high” to test MYR2.10, followed by MYR2.25. However, a breach below the MYR1.75 support would resume the downward movement.
Source: RHB Securities Research - 19 Jul 2024
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