[MAYBANK SHARE ANALYSIS] Impact from Coronavirus and OPR Cut Short

MALAYAN BANKING BHDMYX

Description

⋅ Jan 28, 2020 10:09 AM

Maybank shares continue to be under pressure.

With the announcement of the cutting of OPR, expect the banking stocks will continue to drop due to lower interest income.

Plus the Coronavirus effect, Maybank will expect to go lower in the coming weeks or even months.

Technical chart-wise, we can see that it is on the downtrend still.

The share price of Maybank is below MA 50.

MA 50 is below MA150, and MA 150 is below MA 200.

Long term downtrend is still intact.

There are not many catalysts to push the price higher.

MACD is on the downtrend as well.

Heikin Ashi Candlestick Technical Analysis Charts

For Heikin Ashi, all the candlesticks in showing downtrend signal.

Suggest investors to monitor and wait until Maybank share shows sign of reversal.

Comments

amer5803

⋅ Feb 28, 2020 7:55 PM

Thanks for the analysis, whytocare are you mostly on trading "short-term" or value investing "long term"? Because currently I'm in the learning process in stocks in the opportunity to come, cheers!
Additional, my bias is still lower low for greater discount(MYBNK)

whytwocare

⋅ Feb 29, 2020 5:33 AM

@amer5803, I am more to long term investment. However, I do integrate some technical indicators to help me to find a better entry-level.

amer5803

⋅ Mar 22, 2020 4:57 PM

@whytwocare, well then great! I'm currently working on fundamental (much to learn so), hope we keep in contact any when soon, Thanks!

whytwocare

⋅ Mar 22, 2020 11:47 PM

@amer5803, sure, you can check out more at at malaysiainvestment88.blogspot.com/

homeofkbj-AFK

⋅ Feb 3, 2020 4:53 AM

Thank you

whytwocare

⋅ Feb 2, 2020 12:08 PM

More details here: malaysiainvestment88.blogspot.com/2020/01/maybank-drops-opr-cut-and-coronavirus.html