RHB Investment Research Reports
Trading Stocks - AMMB Holdings
rhbinvest
Publish date: Mon, 09 Dec 2024, 05:22 PM
rhbinvest
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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
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 Holdings is poised to extend the bullish trajectory after staging a bullish breakout. The counter has charted a long white candlestick and closed above the MYR5.50 resistance, showing a strong bullish momentum is underway. This bullish movement should propel the stock towards MYR5.80, followed by the MYR6.20 level. On the downside, falling below the MYR5.25 support will negate the bullish setup.
Source: RHB Securities Research - 9 Dec 2024
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