RHB Retail Research
Trading Stocks - Alliance Bank Malaysia
Alliance Bank Malaysia is resuming the uptrend above the recent breakout level, as it bounced off the immediate support of MYR2.82 yesterday on strong volume – printing a “higher low” bullish pattern. Bullish momentum is expected to continue above that level and push the stock towards the next resistance of MYR2.99, followed by MYR3.20. Conversely, falling below the MYR2.77 support will cancel this expectation.
Source: RHB Securities Research - 7 Dec 2021
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