RHB Retail Research
Technical Analysis - AMMB Holdings
AMMB Holdings
AMMB may move higher after it continued holding above the MYR3.40 support. Yesterday’s white candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR3.70 level, with an exit set below the MYR3.40 threshold. Towards the upside, the near-term resistance is at MYR4.00. This is followed by the MYR4.20 level.
Source: RHB Securities Research - 5 Jun 2018
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