AMMB Holdings Bhd (AMBANK, 1015)

• Share price closed 1.37% higher at RM3.69 last Friday.

• AMBANK broke out from its resistance level of RM3.69 last Friday, displaying increasing buyingmomentum throughout the past week. Coupled with a bullish MACD and indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM3.69 (R1) and RM3.77 (R2).

• On the flipside, support levels are pegged at RM3.57 (S1) and RM3.42 (S2).

Source: Rakuten Research - 17 Jul 2023

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