Bursa Malaysia Stock Watch

AMMB Hits By Panic Selling About To Rebounds

kltrader
Publish date: Thu, 04 Feb 2010, 11:03 AM
kltrader
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Last week during FBM KLCI or world share market index drop, AMMB is one of the share hits by heavy panic selling and the price start to rebound at support line RM4.84 however the rebound rally will need to be ensure by this two trading days. If the price drop below RM 4.80 AMMB share price will be hard to return back to RM5.00

AMMB 3Q2009 is about to roll out by this month and this news may likely to give some momentum to the price. For me I think if the result is good sure next week will be some accumulation of share so to maximum the profit in short term AMMB-CG will be the right tool.
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