AmInvest Research Reports

Stock on Radar - Syarikat Takaful Malaysia Keluarga (TAKAFUL)

AmInvest
Publish date: Wed, 30 Oct 2024, 10:33 AM
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Syarikat Takaful Malaysia Keluarga (TAKAFUL | 6139)

Last Price: RM3.98 | Technical Call: BUY

Technical chart: TAKAFUL

Support 1: RM3.95Resistance 1: RM4.20
Support 2: RM3.80Resistance 2: RM4.40
Shariah Compliant: YesSector: Financial

Syarikat Takaful Malaysia Keluarga may trend higher after it broke above the key RM3.95 resistance with a long positive candle yesterday. As the stock has surged to a new multi-year high, additional strength may be present in the coming sessions. A bullish bias may emerge above the RM3.95 level with stop-loss set at RM3.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.20, followed by RM4.40.

Entry: RM3.95-3.98

Target: RM4.20, RM4.40

Exit: RM3.78

 

Source: AmInvest Research - 30 Oct 2024

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