RHB Investment Research Reports
Trading Stocks - AMMB
rhbinvest
Publish date: Fri, 17 Jun 2022, 09:37 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
AMMB is poised to break past the immediate resistance. Note that the stock has been rising on “higher highs” with “higher lows”, indicating strong buying interest. If the momentum continues, it may breach above the immediate resistance of MYR3.83, and climb towards MYR4.00, then MYR4.20. Towards the downside, breaching below the MYR3.67 support would nullify our expecttaion.
Source: RHB Securities Research - 17 Jun 2022
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