RHB Investment Research Reports
Trading Stocks - Alliance Bank Malaysia
rhbinvest
Publish date: Wed, 11 Sep 2024, 10:26 AM
rhbinvest
0 4,588
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
Alliance Bank Malaysia is poised to stay on a bullish trajectory after breaking past the resistance level. The counter crossed above the 21-day SMA line and closed above the MYR4.35 resistance level to confirm a bullish setup. After the breakout, the counter should climb towards MYR4.55, followed by MYR4.75. However, a fall below the MYR4.20 support level would negate the bullish setup.
Source: RHB Securities Research - 11 Sept 2024
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