Possible for further upside. TAFI-WA is potentially staging further recovery from its consolidation phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.220 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.245. Note that the maturity date of TAFI-WA is on 15 Feb 2027.
However, failure to hold on to support level of RM0.180 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 29 Jun 2022
Created by PublicInvest | Aug 08, 2022