Maybank is below its short-term uptrend line

Maybank has closed the morning session at RM11.30 (down 30 sen). This means that Maybank has broken below its short-term uptrend line, which has a support at the RM11.40/50 level. It needs to recover quickly or else Maybank's technical outlook would be considered negative.


Chart: Maybank's daily chart as at Jan 10