Bursa Malaysia (KLSE) Daily Info Edge Zone

AMMB In Accumulation Stage

Durian Edge
Publish date: Tue, 23 Mar 2010, 07:45 AM
Durian Edge
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AMMB share price is moving between RM4.80 to RM 5.00 and base on the chart now AMMB is in accumulation stage before the announcement of 4Q2010 result on mid-May. There are above 1.5 months from now, so any price drop below RM4.80 will be a good buy in into AMMB share.

Before any rally to hits RM5.50 the share need to build a base on RM 5.10 level so the accumulation stage may continues till end of APR. Most of the research house give AMMB a good grading with target price about RM5.50 so AMMB may likely profitable in short term.

For me I always look into call warrants to maximums the profit of my portfolio.
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