RHB Retail Research
Technical Analysis - AMMB
AMMB may rebound higher after it continued holding above the MYR3.85 support. The stock has formed another long white candle and leaving an upside gap yesterday, this indicates a positive sign. A bullish bias may emerge above the MYR4.06 level, with an exit set below the MYR3.85 threshold. Towards the upside, the immediate resistance is at MYR4.33. This is followed by the MYR4.70 level.
Source: RHB Securities Research - 24 Aug 2018
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