Teo Seng Capital Bhd
is embarking on a recovery, after having crossed above the 21-day simple moving average (SMA) yesterday as it extended a rebound. The share has three straight days of gains under its belt, and has built up momentum to continue its ascent.
Resistance for the share is seen at RM1.18 while higher resistance is pegged at RM1.33. Looking at the technical indicators, the slow stochastic remains strong, while the 14-day relative strength index (RSI) is gaining strength towards the midline.
