Rakuten Trade Research Reports

Technical View - Alliance Bank Malaysia Bhd

rakutentrade
Publish date: Wed, 11 Sep 2024, 09:25 AM
rakutentrade
0 2,144
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Alliance Bank Malaysia Bhd (ABMB, 2488)

  • Buying interest of ABMB appears to have returned after it broke out from the bullish pennantpattern yesterday. In view of the stock bouncing off the 20-day EMA supported by a second consecutive white candle coupled with rising RSI, the bullish momentum appears to be gaining traction.
  • We anticipate the rising momentum to steer the stock higher and targeting the next resistance ofRM4.46 (R1) followed by RM4.60 (R2) in the near term.
  • On the downside, stop-loss is set at RM4.15.

Source: Rakuten Research - 11 Sep 2024

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment