RHB Investment Research Reports
Trading Stocks - AMMB
rhbinvest
Publish date: Mon, 04 Dec 2023, 07:05 PM
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
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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 extend the positive price action after staging a bullish breakout during Friday’s session. The stock has crossed above the MYR4.05 resistance with a “higher high” bullish candlestick. The latest breakout suggests the momentum is picking up pace and may propel the stock towards the next resistance at MYR4.20, followed by MYR4.40. On the other hand, falling below the MYR3.90 support will negate the bullish setup.
Source: RHB Securities Research - 4 Dec 2023
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