RHB Retail Research
Trading Stocks - Syarikat Takaful Malaysia
Syarikat Takaful Malaysia Keluarga’s upside move may persist after it continued holding above the 21-day SMA line. As the stock recently hit a new 52-week high, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR4.63 level, with an exit set below the MYR4.32 threshold. Towards the upside, the immediate resistance is at MYR5.00. This is followed by the MYR5.30 level.
Source: RHB Securities Research - 27 Mar 2019
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