Rakuten Trade Research Reports
Technical View - Affin Bank Berhad
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Publish date: Mon, 25 Jul 2022, 09:59 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Affin Bank Berhad (AFFIN, 5185)
• Share price closed 2% higher at RM2.04 on Friday.
• AFFIN is currently trading above its key moving average lines and formed a rounding bottom. In view of the upcoming US interest rate hike, banking sector could be a theme play this week. Coupled with the indicators are showing uptick movement, the share price is expected to move higher.
• Resistance levels are identified at RM2.06 (R1) and RM2.10 (R2).
• On the flipside, support levels are pegged at RM1.97 (S1) and RM1.89 (S2).
Source: Rakuten Research - 25 Jul 2022
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