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MAYBANK has been falling for the past 4 trading days to its intra-day low of RM8.75 (nearing its 52-week low RM8.68) before recovering to close at RM9.00. We believe the heavy sell down since Monday is overdone and a technical rebound is imminent, hence the current price weakness offers a compelling buying opportunity.
From here, resistance levels at identified at RM9.31 (R1) and further to RM9.44 (R2).
On the flipside, support levels are expected at RM8.68 (S1) and RM8.49 (S2).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....