The stock experienced a panic sell-off after ANZ sold its stake in the company.
The chart pattern seems to be forming a Morning Star.
Any thoughts on this stock?
Disclaimer: Not a trading recommendation.
Long, price break resistance 4.19 with trending up. Strong FA support. TP 4.80, SL 3.68.
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
Sign of Strength in the chart:
1. Green Pentagon in KLSE and Finance Sector
2. High volume upbar
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Main focus in the video:
1. Identify Solid support with NS
2. Break above resistance with gap
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
AMBANK possible forming a running flat pattern in wave b (green).. Now at wave C (Red Circled ) where price could reach its terminal of wave C (Red Circled ) at around Rm 2.50.. which is the confluence zone of 1) The lower Trend Line of wave C (Red Circled) ending diagonal pattern 2) Next Major Demand Zone
With the controvery of Ambank
www.theedgemarkets.com
Ambank is forward looking with cloudy thunderstorm ahead, with Fine to be paid off by ambank - we are expecting ambank to perform its worst this year
Ambank has been suspended of trading today to soften the impact on a throw down
As soon as Ambank opens for trading, will ambank hold strong ?
wait for a...
Some note!
- AmBank’s shares closed 13 sen or 3.77% lower at RM3.32, valuing the bank at RM10.01 billion. Year to date, the counter has fallen 15.7% from RM3.94.
Notably reminder!
- 3 point added for entry/exit
Cannot break out the trend line mean still down trending. No Bo no Talk.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
Good dividend stock but big downtrending. Rebounding at its 10 years new low line.
What is the next? Will it goes further down to reach its 17years low support? Stay tune.
AmBank forming a pullback pattern and offering traders a good entry with low risk. Looks out for Spring and No Supply signals for better edge.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
