RHB Retail Research
Trading Stocks -Malayan Banking
Malayan Banking may rebound further after it tested MYR8.50 support in recent session. As the stock recently rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR8.64 level, with an exit set below the MYR8.50 threshold. Towards the upside, the immediate resistance is at the MYR8.80 level. This is followed by the MYR8.90 threshold.
Source: RHB Securities Research - 3 Sept 2019
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