RHB Retail Research
Technical Analysis - Malayan Banking
Malayan Banking was testing the MYR9.52 level in its latest session. A bullish bias may be present above this point with a target price of MYR9.80, followed by MYR10.00. The stock may take a breather if it cannot breach above the MYR9.52 mark in the near term. Support may be found at MYR9.10, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 14 Dec 2018
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