Rakuten Trade Research Reports
Technical View - Malayan Banking Bhd (MAYBANK, 1155)
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Publish date: Tue, 30 Apr 2019, 11:21 AM
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Email: customerservice@rakutentrade.my
Malayan Banking Bhd (1155)
- MAYBANK closed unchanged at RM9.14 yesterday.
- Following our technical report on 19 April 2019, share price has staged a rebound from its 52-week low and has gained 1.6% since then.
- Currently it is consolidating at this level and is attempting to test above the RM9.30 level.
- At current price it is providing an attractive 6.25% in dividend yield. • Resistance levels are identified at RM9.31 (R1) and RM9.44 (R2).
- On the flipside, support levels are expected at RM8.75 (S1) and RM8.49 (S2).
Source: Rakuten Research - 30 Apr 2019
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