Syarikat Takaful Keluarga has been consolidating sideways during the last few sessions, with an immediate resistance price of RM6.21. With an RSI above 50%, it may break the resistance level. If this happens, the short-term target price will be RM6.59 followed by RM6.96. In this case, support is anticipated at RM5.84, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM6.21
Target: RM6.59, RM6.96 (time frame: 3-6 weeks)
Exit: RM5.84

Source: AmInvest Research - 3 Oct 2019