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Daily Trading Stocks: Malayan Banking Bhd

kiasutrader
Publish date: Tue, 17 Jul 2012, 09:13 AM
Maybank's rebound since late Sept  will  likely  continue  if  it  closes above  the  two-month  resistance  of  RM8.80.  A  purchase  can  be made if it happens, with a close below the recent low of RM8.65 as a  stop-loss.  Price  targets  are  2011's  high  of  RM9.40  and  RM9.60, provided  that the psychological  RM9.00  is  violated.  Failure  to  break above could see the stock trading lower. Supports are expected at RM8.35 and RM8.15.


Source: OSK
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