AmInvest Research Reports

Stocks on Radar - Syarikat Takaful Malaysia Keluarga (6139)

AmInvest
Publish date: Thu, 09 May 2019, 08:54 AM
AmInvest
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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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