Kenanga Research & Investment

Highlights / Stock Picks of the Day - AMMB Holdings Berhad (AMBANK) – Not Rated

kiasutrader
Publish date: Tue, 09 Sep 2014, 10:22 AM
Yesterday, AMBANK rose 12 sen to close at RM7.01. A 'Three White Soldiers' candlestick pattern has formed on the chart, which is indicative of a bullish reversal trend. Trading interest appears to have picked up with positive MACD and Stochastic indicators. Should the buying momentum persist, we reckon the share price should retest the RM7.15 (R1) and RM7.28 (R2) next.
 
 
Source: Kenanga
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