Rakuten Trade Research Reports
Technical View - AMMB Holdings Bhd
rakutentrade
Publish date: Mon, 17 Jul 2023, 08:43 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 (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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