Maybank finally broke above its horizontal resistance of RM7.77-78 this afternoon. This upside breakout may mirror the February/March 2010 breakout where Maybank rose about RM1.00, from below RM7.00 to RM7.70.
Chart: Maybank's daily chart as at August 16, 2010_2.45pm (Source: Quickcharts)Based on this upside breakout, Maybank could be a good trading BUY.