MAYBANK- A possibility

Maybank share price start to plunged on last week with the highest selling volume happened on Thursday (24/5/2018). Looking at the Gann fan , the share price break the 3/1 line indicates the bull is weak but it testing again the line and if breakout that line suggesting the game will change. Volume analysis shows the selling volume keep decreasing, suggesting the share price will rebound when sellers is take over by buyers.The support level is seen at the range of RM 9.86-87 or at 61.8% Fibonacci level with a resistance is capped at RM 11.08 of previous high.

Overall trend is on uptrend.

With the final single-tier cash dividend will be credited to shareholders amounting RM 0.32 per unit (5/6 - Ex date), the yield looks interesting if investors start to collect the share at the current level or below.

1QFY18 report just released
Net profit UP 10%

Disclamer: This is for analysis only. Trade at your own risk.


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