Price rising above short term EMA20/ 40 and as long price keep maintain above EMA20/ 40 , long term MA 50 to 200 continue to trend upwards, currently going towards first resistance at 8.345 . Price well supported along MA100 Next Resistance - R1- 8.515 R2- 8.515 Resistance zone- 9.0-9.3 Macro economy outlook Rising bond yield may be the catalyst for future...
Maybank - Up momentum increasing Note: For Interested to subscribe the VT MCDX Smart Money Plus and learn Victor Trade System, and kindly contact owner (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk
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
Chance to collect Maybank Share as MCO 2.0 is incoming, Sup 1 7.500 Sup 2 7.000
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....
The candlstick is forming a re-entry at weekly timeframe, the target re-entry price is between MYR7.80 to MYR8.01. Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this post are provided as general market information for educational and entertainment purposes only, and do not constitute investment...
BREAKOUT OF TREND R. FORMED A DOUBLE BOTTOM. NOW TESTING FIBO LEVEL AS R
In order for the banking to have a renounce, RM8.20 must to go. Or not FBMKLCI will cost few days/weeks to pain for the red index.
Maybank has strongly rebounded after a major collapse since May 2018. The price has significantly closed above resistance at 8.20, breaking a valid downtrend line since May 2018. The building up momentum could push the price to resistance level at 8.94, before it could reach the upside target at 10.145. We could be wrong if the price close below 7.00 Disclaimer:...
Price break through resistance 8.35 at 1st time before dividend ex Mid term short target price is 8.54 & 9.00 Current Price to Book ratio is around 1.12, still consider attractive for long term investor. (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Maybank after cross up MA200 and only pull back to 8.00 (not drop to below 8.00 of previous forecast) before announcement of 3Q report. Price re-test the immediate resistance 8.35 again after declared 13.5sen dividend Declared of 13.5sen dividend, implied the "worst" may already over. Current Price to Book ratio is 1.12, still consider attractive for long...
Maybank start pull back & 1st temporary support may happen on 25 Nov before quarterly rpt release on 27 Nov, and hopefully can pull back to 7.93-7.83, if this 1support is break by Dec and next strong support will be around 7.71-7.60. Have a good chance for Long term value investor re-accumulate again at support zone. (Disclaimer: for demonstrate own planned...
Paten pergerakan yang mungkin tidak bertahan. Dijangka harga berundur sedikit masuk kedalam kawasan Fib 38-50% sebelum membentuk bullish trend.