Maybank possible the last "golden opportunity" for gaining 61% ( from 8.00 to 12.88 +/-) by end of 2025 ( before a deep pullback again )
Maybank stocks investment probably "can make us sleep better after holding it if compare to others stock".. it's Good timing for "accumulation" @ 8.00 +/-. While "still many like "Money Gxxxs" .. Maybank give u Average 6% dividend + potential of share gain of 50%! in 1,2 years. ( 8.00 to 12). It's too good to be true right!? But not "Money Gxxxs" ?! Right?!
From 2003 to 2018, each cycle from peak to peak for FINANCE index lasts between 36-46 months. Recent high in early May 2022 is equivalent to 49 months. Other indicators: - Negative divergence on monthly chart (CCI) - Similar negative divergence also appear on the monthly chart for big caps like PBBANK, MAYBANK, HLBANK, CIMB.
Quick Ideas Chart Patterns on Maybank Flags signals. price to surge up. SMA 20, 50, 200 below prices signal a strong buy
Due to FOMO ( fear of missing out ) factor most traders/ investors always bought stock @ ( high price ) on “breakout trading strategy “ etc..To avoid such problem ..one of the methodology is waiting for “pullback” and buy at “retracement confluence zone” .. A “ confluence zone” @ 1) Parallel Channel 2)Fibonacci level etc...
Maybank possible completed its bullish triangle abcde ( Red Circled) while waiting its price “exploding” to the upside after so many years of “ squeezing “ its price..
MAYBANK may "reach" RM40 by 2025. Now only RM8.69. 16/Feb/22..Provided No split due to bonus ( Even Split due to bonus = More Holding of Stocks )" PLUS + >5% P.A Dividend... Think About it..
MAYBANK Price seem like at the last leg down of triangle toward wave E (yellow). Where price may ONLY resuming its up trend at around RM8.00
MAYBANK possible completing its bullish triangle as price holding strong above Rm8.00 and by breaking the descending wedge pattern. Price now are in bullish trend moving toward above Rm10...
MAYBANK price could still in consolidation if price still "keeping" below RM9.00 and above RM8.00
As Public Bank's share Price of Maybank is ranging around Rm8.00 ... 1)At Lower Trend line Support area of Bullish Contracting Triangle 2) At around Daily 200 EMA support line
MAYBANK Possible at the Wave (D) ( Cyan/light blue ) of triangle.. AND wave B (yellow) of triangle.. Price could retrace to around RM7.50 where there is confluence of 1) Up Trend Line Support 2)Next Major Demand Zone. 3)Lower Trend line support of triangle wave B (yellow) . Before resuming its up trend toward around RM 12.00
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. MAYBANK (MYX) - Start to Bullish
The profit target for the pattern is the price difference between the head and the low point of either shoulder. I would say it's RM1.05 differential. Having said that, imo the demand area for a bounce or reversal would be around RM7.00. Covid-19 daily cases in Malaysia have been breaking ATH after ATH. The nation's healthcare system is at a breaking point....
A head and shoulder (HNS) is evident for Maybank. Wait for price to cross under 8.00 to confirm pattern. EP: 8.00 or wait for price confirmation TP: 1) Support: 7.50 2) Trendline support: around 7.3 ( depending on the day it hits support) 3) HNS theoretical TP: 7.00 CL: 8.48 Note: false breakout may happen and cause this head and shoulder to fail....