RHB Retail Research
Trading Stocks - Syarikat Takaful Malaysia Keluarga
Syarikat Takaful Malaysia Keluarga may move higher after it tested the MYR4.15 support in its latest session. Given that the stock formed a “Hammer” pattern on 9 Mar, this indicates a potential rebound. A positive bias may emerge above the MYR4.15 level, with an exit set below the MYR4.15 threshold. Towards the upside, the immediate resistance is at the MYR4.90 mark. This is followed by the MYR5.18 level.
Source: RHB Securities Research - 10 Mar 2020
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