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Stock Picks: Syarikat Takaful And Avaland

Business Today ·  Dec 20 08:01
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RHB Investment Bank Bhd has identified Syarikat Takaful Malaysia Keluarga and Avaland as promising stock picks, citing bullish trends in their technical setups.

Syarikat Takaful Malaysia Keluarga has broken past the RM4 resistance level, signalling a strong upward momentum. The counter's breakout from its consolidation zone, coupled with the upward movement of its 21-day SMA line, indicates a bullish short-term trend.

RHB Research expects the stock to climb further, testing resistance levels at RM4.15 and RM4.30. However, a fall below the RM3.85 support level would invalidate this bullish outlook.

Meanwhile, Avaland is set to extend its upward trajectory following a breakout above the RM0.31 resistance level on strong volume. The formation of a long white candlestick underscores strong bullish momentum.

If the stock maintains its position above the breakout point, it is projected to reach RM0.335 and subsequently RM0.36. On the downside, a breach below the RM0.285 support level would signal a resumption of the correction phase.

Both counters demonstrate robust technical potential, with Syarikat Takaful and Avaland showing strong momentum to achieve higher levels in the near term.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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