RHB Retail Research
Trading Stocks - Malayan Banking
Malayan Banking was testing the MYR7.55 level in recent sessions. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR7.80, followed by MYR8.10. The stock may take a breather if it cannot breach above the MYR7.55 mark in the coming sessions. Support may be found at MYR7.30, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 14 Apr 2020
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