Syarikat Takaful Malaysia Keluarga is showing a bullish technical setup after breaking past the resistance level with strong volume. The counter managed to close above the MYR3.85 resistance level to confirm that a bullish phase is in play. We observed that trading volume has been increasing, showing that bullish momentum is picking up. The counter may travel upwards to test the MYR4 level, followed by MYR4.15. A fall below the MYR3.70 support level, on the other hand, would negate the bullish setup.

Source: RHB Securities Research - 3 Sept 2024