RHB Retail Research
Technical Analysis - Malayan Banking
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Malayan Banking was testing the MYR9.10 level in its latest session. A bullish bias may be present above this point with a target price of MYR9.50, followed by MYR10.10. The stock may drift sideways if it cannot surpass the MYR9.10 threshold in the near term. Support may be found at MYR8.68, where traders can exit upon a breach to minimise downside risk.
Source: RHB Securities Research - 2 Jul 2018
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