Time Cycle AnalysisAffin Bank above 2.15 is bullish and below 2.15 is bearish. Key dates to watch are around 27 Feb 2024 and 08 May 2024.
AFFIN trade ideas
Affin Bank Berhad - NEUTRAL Affin's share price still hovering below long-term trend line although forming bottoming structure currently. I will avoid investing or trading in this counter at the moment.
www.theedgemarkets.com
my idea in this counter.daily chart head and shoulder found. important to set cut losses point at below or at RM1.78. now trading at right shoulder range. right shoulder breakout point around RM1.94-95. I also predict the time to breakout on around 22/3/22 . after breakout the first target will be around RM2.10. now trading at RM1.82, risk is low (if cut losses point set as mention). next week FED rate hike and inflation will be benefit banking counter. actually not only AFFIN in this situation, I saw AMBANK and RHB BANK also in the same. I missed out buying point in other banking counter so bought the weaker and wait..buy at your own risk,TQ.
Affin - Up moment appearAffin - Up moment appear
By Victory Traders Club
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Affin - Start accumulation stage (Buy and hold)One of the most undervalue banking counter
1) Price to NTA : around 0.38
2) Dividend yield (2019) : 3.68%
3) Target accumulation price : 1.54 -1.42
(Disclaimer: for demonstrate own planned trade records study only, not for recommend to buy or sell. Please message me for the further detail trading plan)
