Monday, July 20, 2009

Maybank may see further upside

Maybank will close at RM6.20 today. As such, it may have broken above the strong horizontal resistance of RM6.15. Subject to volume confirmation, Maybank's breakout could be followed through by a move to RM7.00.


Chart: Maybank's daily chart as at July 17, 2009 (Source: Quickchart)

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