Friday 29 Mar 2024
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KUALA LUMPUR (July 4): Teo Seong Capital Bhd shares rose 2.48% this morning following a positive technical outlook on the stock.

At 9.40am, Teo Seng gained 3 sen to RM1.24 for a market capitalisation of RM372 million.

RHB Retail Research said Teo Seng Capital Bhd may climb higher after it formed a third consecutive white candle.

In a trading stocks note today, the research house said this can be viewed as a continuation of the bulls extending the upward momentum from July 2’s upside gap.

“A bullish bias may appear above the RM1.17 level, with an exit set below the RM1.10 threshold.

“Towards the upside, the near-term resistance is at RM1.30. This is followed by the RM1.43 level,” it said.

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