Taliworks Corporation broke out from a 2-month bullish flag pattern on Friday, implying that its previous uptrend may have resumed. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.81 level, with stop-loss set at RM0.76, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.90, followed by RM0.95.

Entry : RM0.81–0.835

Target : RM0.90, RM0.95

Exit : RM0.76

Source: AmInvest Research - 2 Jan 2024