Monday, April 30, 2007

Maybank is at its short-term uptrend line support of RM12.00

Maybank has been drifting lower from its recent high of RM13.00 recorded on April 9 this year. It is now resting on its short-term uptrend line support at RM12.00. This level should be a good entry level for Mayabnk, the top bank in Malaysia. The next supports will be the horizontal support level of RM11.50 & RM11.10, while the next resistance level will be at RM12.50 & RM12.80.


Chart: Maybank's daily chart as at April 27 (courtesy of Quickcharts)

2 comments:

Unknown said...
This comment has been removed by a blog administrator.
Unknown said...

Hi,

I think all bloggers who are patriotic Malaysian should highlight the
discrminative policy of Mayban (and AmBank).

Maybe all right thinking Malaysian should be asked to seriously
consider whether they want to continue banking with such a Bank.
Should we not make out voices heard loud and clear. Should we not
seriously consider withdrawing all our monies from Mayban (and
AmBank), cut their credit cards into two and returned to them, turn
down all their offer of banking facilities and switch our banking
facilities to banks which do not practise discriminative policies?
Should we not deliver this strong message to Mayban (and AmBank) in
such a loud voice to be heard also by others who are practising or
intend to practise discriminative policies - so they will stop such
disgusting policies?

Think about it and let all of us who belong to the group of right
thinking Malaysian highlight and create an action group to fight
discriminative policies being practice by any parties.

Consider pls!!!!!