RHB Retail Research
Technical Analysis - Malayan Banking
Malayan Banking
Malayan Banking may rebound higher after it continued holding above the MYR9.70 support. As the stock climbed above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR9.85 level, with an exit set below the MYR9.70 threshold. To the upside, the near term resistance is at MYR10.10. This is followed by the MYR10.46 level.
Source: RHB Securities Research - 28 Aug 2018
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