Syarikat Takaful Malaysia Keluarga (TAKAFUL | 6139)

Last Price: RM3.98 | Technical Call: BUY

Syarikat Takaful Malaysia Keluarga may trend higher after it broke above the key RM3.95 resistance with a long positive candle yesterday. As the stock has surged to a new multi-year high, additional strength may be present in the coming sessions. A bullish bias may emerge above the RM3.95 level with stop-loss set at RM3.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.20, followed by RM4.40.

Entry: RM3.95-3.98

Target: RM4.20, RM4.40

Exit: RM3.78

Source: AmInvest Research - 30 Oct 2024