Syarikat Takaful Malaysia Keluarga retreated during its recent sessions with the immediate RM5.82 resistance level. There may be a technical rebound if it climbs above the resistance price of RM5.82. If this happens, its short-term target price will be RM6.00 followed by RM6.15. The downside support price is anticipated at RM5.67, whereby traders may exit on a breach to avoid the risk.

Trading Call: Buy upon breakout above RM5.82

Target: RM6.00, RM6.15 (time frame: 3-6 weeks)

Exit: RM5.67

Source: AmInvest Research - 2 Dec 2019