Chart: Maybank's daily chart as at August 16, 2010_2.45pm (Source: Quickcharts)
Based on this upside breakout, Maybank could be a good trading BUY.
Monday, August 16, 2010
Maybank may have a bullish breakout
Maybank finally broke above its horizontal resistance of RM7.77-78 this afternoon. This upside breakout may mirror the February/March 2010 breakout where Maybank rose about RM1.00, from below RM7.00 to RM7.70.
Chart: Maybank's daily chart as at August 16, 2010_2.45pm (Source: Quickcharts)
Based on this upside breakout, Maybank could be a good trading BUY.
Chart: Maybank's daily chart as at August 16, 2010_2.45pm (Source: Quickcharts)
Based on this upside breakout, Maybank could be a good trading BUY.
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