RHB Investment Research Reports

Trading Stocks - Alliance Bank Malaysia

rhbinvest
Publish date: Wed, 11 Sep 2024, 10:26 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Alliance Bank Malaysia is poised to stay on a bullish trajectory after breaking past the resistance level. The counter crossed above the 21-day SMA line and closed above the MYR4.35 resistance level to confirm a bullish setup. After the breakout, the counter should climb towards MYR4.55, followed by MYR4.75. However, a fall below the MYR4.20 support level would negate the bullish setup.

Source: RHB Securities Research - 11 Sept 2024

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