RHB Investment Research Reports

Trading Stocks - AMMB

rhbinvest
Publish date: Mon, 19 Feb 2024, 09:28 AM
rhbinvest
0 4,382
An official blog in I3investor to publish research reports provided by RHB Research team.

All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com

RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

AMMB’s price is in the midst of extending the upside movement and testing the immediate resistance. We have observed the stock’s price charting a series of “higher highs” and “higher lows”, showing that a strong bullish momentum is underway. In the event its price breaks past the MYR4.40 resistance, we should see the counter’s price climb towards MYR4.60, followed by the MYR4.80 level. Conversely, falling below the MYR4.20 support kicks off the correction phase.

Source: RHB Securities Research - 19 Feb 2024

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

Post a Comment