Syarikat Takaful Malaysia Keluarga was testing the resistance level RM6.17 again in its latest session with higher trading volume.With the momentum indicator RSI above 50%, the short term rebound could reach a target price of RM6.19, followed by RM6.46. In this case, the immediate support price is anticipated at RM5.90 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM6.17
Target: RM6.19, RM6.46 (time frame: 3-6 weeks)
Exit: RM5.90
Source: AmInvest Research - 9 May 2019
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Created by AmInvest | Nov 25, 2024