MALAYAN BANKING BERHAD
Observation from Chart:
After consolidate around 1 month at RM8.50, forming bolinger band squeeze.
On 4 Jan 2011, Maybank have been break up bolinger band squeeze with huge volume.
MACD & Stochastic %K, both indicator have been bullish crossover.
Coming few days, it might retest next TWO resistant RM8.85 & RM8.96
However, if retrace down, it might retest RM8.60 support level.
Let watch closely...
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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