Chart 1: AMBANK's weekly chart as at April 27, 2017_12.30 (Source: Malaysiastock.biz)
If you look closely, there is a minor resistance at the recent high of RM5.02 that capped the price rise for 4-5 weeks. The upside breakout of the long-term downtrend line and the recent high of RM5.02 set this stock free. It soared immediately to the psychological level of RM5.50 before correction set in.
Chart 2: AMBANK's daily chart as at April 27, 2017_12.30 (Source: Malaysiastock.biz)
Based on my previous financial analysis and the current technical breakout, AMBANK is a good stock to invest for long term.