Rakuten Trade Research Reports
Technical View - AMMB Holdings Bhd
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Publish date: Wed, 22 Feb 2023, 10:35 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
AMMB Holdings Bhd
• Share closed 1.04% higher at RM3.89 on Tuesday.
• AMMB rebounded after it touched near its support at RM3.81 and broke out from its resistance level at RM3.85 amid minimal buying volume. White candlestick appeared yesterday after the doji candlestick, indicating the change of direction moving upward. Coupled with indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM4.00 (R1) and RM4.04 (R2).
• On the flipside, support levels are pegged at RM3.81 (S1) and RM3.76 (S2).
Source: Rakuten Research - 22 Feb 2023
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