Syarikat Takaful Malaysia Keluarga may soon retest its immediate resistance of RM3.80. Notice that the RSI has crossed the 50% threshold level, and coupled with a rising trading volume, we foresee that there could be a technical breakout. If this happens, it may move higher to the next short-term target prices of RM4.10 and RM4.50. In this case, the downside support is anticipated at RM3.30, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM3.80

Target: RM4.10, RM4.50 (time frame: 3-6 weeks)

Exit: RM3.30

Source: AmInvest Research - 9 Apr 2020