Syarikat Takaful Malaysia

Syarikat Takaful may trend higher after it formed a long white candle and breached above the MYR3.80 threshold. The 21- day SMA line is now likely to turn upwards, suggesting additional strength may be present in the near term. A bullish bias may appear above the MYR3.80 level, with an exit set below the MYR3.60 threshold. Towards the upside, the nearterm resistance is at MYR4.00. This is followed by the MYR4.25 level.

Source: RHB Securities Research - 1 Jun 2018