RHB Retail Research
Trading Stocks - Syarikat Takaful Malaysia Keluarga
Syarikat Takaful Malaysia Keluarga is poised to resume its upward movement. If it breaks above the MYR4.55 resistance level forming a higher high pattern, a bullish bias may emerge. The stock may climb towards the next resistance of MYR4.83, followed by the MYR5.00 psychological level. Meanwhile, falling below the MYR4.44 support level would reverse the trend – whereby it could trade below the 21-day SMA line.
Source: RHB Securities Research - 23 Jun 2021
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