KUALA LUMPUR (July 25): RHB Retail Research said AMMB Holdings Bhd is set to resume its uptrend as it jumped to close above the RM3.87 consolidation level on stronger trading volume during the latest session — firming up the positive momentum above the 21-day average line.

In a trading stocks note on Monday (July 25), the research house said the bulls are expected to propel the stock towards the next resistance at the RM4 threshold, before heading towards the RM4.20 strong resistance level, or the high of July 3, 2019.

“If it falls below the support level of RM3.81, the stock may trend downwards, below the average line,” it said.