Maybank
MAYBANK - MALAYSIA STOCKMYX:MAYBANK
So someone asked me what bank good for investment right now.
So as you can see Maybank and CIMB is very undervalued right now. Both bank have good historical performance and very low risk.
I prefer Maybank because they giving much more dividend.
Maybank is interested to test The main Trendline @ RM6.5It could be the best price level to buy and to keep for a few years.
The economy is not collapsing yet,
just a little hiccup caused by a global pandemic
But if it breaks the Trendline then I'll recommend every investor to increase their Gold Reserves quickly.
Maybank Head and Shoulder BreakdownThe largest market cap in the Bursa market have formed a classic chart pattern breakdown with formation target at 7.125.
Price level 9.10 have used as neckline instead of June 2018 low. The reason underlying by two symmetrical shoulder (left and right) ended and started development from this price level.
MAYBANK (1155): MALAYAN BANKING BHD For Education Purpose ONLY
Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
MAYBANK- A possibility Maybank share price start to plunged on last week with the highest selling volume happened on Thursday (24/5/2018). Looking at the Gann fan, the share price break the 3/1 line indicates the bull is weak but it testing again the line and if breakout that line suggesting the game will change.Volume analysis shows the selling volume keep decreasing, suggesting the share price will rebound when sellers is take over by buyers.The support level is seen at the range of RM 9.86-87 or at 61.8% Fibonacci level with a resistance is capped at RM 11.08 of previous high.
Overall trend is on uptrend.
With the final single-tier cash dividend will be credited to shareholders amounting RM 0.32 per unit (5/6 - Ex date), the yield looks interesting if investors start to collect the share at the current level or below.
1QFY18 report just released
Net profit UP 10%
Disclamer: This is for analysis only. Trade at your own risk.
MAYBANK - Trendline Broke, Testing Crucial SupportLaburlah Technical Coverage (25-MAY, Friday):
MAYBANK
Technical Analysis Breakdown
1. Trend: Bearish breakout
2. RSI & Stochastic: Bearish
3. MACD: Bearish crossover
4. Parabolic SAR: Bearish, newly emerged
5. Support level: 9.86
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
