Possible for further recovery. Without creating new low, TAFI-WA is potentially staging a breakaway from its prior downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.155 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.175. Note that the maturity date of TAFI-WA is on 15 Feb 2027.
However, failure to hold on to support level of RM0.120 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 23 Jun 2022