AmInvest Research Reports

Stock on Radar - Teladan Setia Group

Publish date: Tue, 15 Nov 2022, 08:59 AM
0 7,950
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We expect further upside for Teladan Setia Group after it formed a long white candle and hit a new multi-year high yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM1.23 level, with a stop-loss set at RM1.12, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.50, followed by RM1.60.

Entry : RM1.23–1.34

Target : RM1.50, RM1.60

Exit : RM1.12


Source: AmInvest Research - 15 Nov 2022

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