Affin Bank posted a long white candle after breaking out from a 1-month ascending triangle. The stock is currently trading above the 20-day EMA, surpassing the previous resistance at RM2.04 with significant volume. This indicates a potential trend reversal. Resistance levels may be offered at RM2.17, followed by RM2.30. Toward the downside, the stop-loss is set at RM1.95, positioned below the second support level.
Entry : RM2.04-2.06 T
arget : RM2.17, RM2.30
Exit : RM1.95
Source: AmInvest Research - 22 Dec 2023
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