RHB Retail Research

Technical Analysis - Malayan Banking

rhboskres
Publish date: Fri, 14 Dec 2018, 04:32 PM
rhboskres
0 9,021
RHB Retail Research

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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