Tek Seng in process of extending upward move, says RHB Retail Research

Tek Seng in process of extending upward move, says RHB Retail Research
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KUALA LUMPUR (Oct 2): RHB Retail Research said Tek Seng Holdings Bhd is in the process of extending its upward move after breaching the resistance level of 77 sen.

In a trading stocks note today, the research house said it believes the recent consolidation phase is completed, and the stock price may continue travel towards 83 sen, followed by 92 sen.

“Meanwhile, a downside breach of the 72 sen support [level] should cancel this expectation,” it said.