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Malayan Banking BHD (1155) Expecting Further Mark Up Towards Earnings Report

 


Malayan Banking BHD (1155) 
Expecting Further Mark Up Towards Earnings Report

The stock has broken above the downtrend line, signaling a potential reversal from the bearish trend. The breakout is accompanied by higher volume, an sign for price mark up.

The Relative Strength against market shows improvement and indicates potential bullish momentum. FFI shows positive reading, with blue bars confirming increased buying interest. Volume is increasing, but further volume buildup is necessary to sustain the rally.

Trading Plan:
Entry: Around MYR 10.28 (Breakout level)
Stop Loss: Below the recent support at MYR 9.96.

Price Targets:
1st Target: MYR 10.62 
2nd Target: MYR 10.94

Disclaimers apply


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