RHB Retail Research
Trading Stocks - Alliance Bank Malaysia
Alliance Bank Malaysia may move higher after it continued holding above the MYR3.63 support. As the stock recently rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR3.78 level, with an exit set below the MYR3.63 threshold. Towards the upside, the near-term resistance is at MYR4.06. This is followed by the MYR4.15 level.
Source: RHB Securities Research - 7 Jun 2019
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