Keep an Eye out for MaybankChance to collect Maybank Share
as MCO 2.0 is incoming,
Sup 1 7.500
Sup 2 7.000
MAYBANK trade ideas
MAYBANK - Head & Shoulder APA LAGIThe profit target for the pattern is the price difference between the head and the low point of either shoulder.
I would say it's RM1.05 differential.
Having said that, imo the demand area for a bounce or reversal would be around RM7.00.
Covid-19 daily cases in Malaysia have been breaking ATH after ATH.
The nation's healthcare system is at a breaking point.
Govt warns it will impose full-scale lockdown if infections don't decrease.
Still, Maybank is Malaysia's largest bank and the largest company.
I will be definitely looking to add by stages if it really hit my target price.
Maybank (D) Head and ShoulderA head and shoulder (HNS) is evident for Maybank.
Wait for price to cross under 8.00 to confirm pattern.
EP: 8.00 or wait for price confirmation
TP:
1) Support: 7.50
2) Trendline support: around 7.3 ( depending on the day it hits support)
3) HNS theoretical TP: 7.00
CL: 8.48
Note: false breakout may happen and cause this head and shoulder to fail. Alternatively, you can short it when price break and retrace back to 8.00.
Good luck in trading
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Technical Analysis Using BBMA : MAYBANKThe candlstick is forming a re-entry at weekly timeframe, the target re-entry price is between MYR7.80 to MYR8.01.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this post are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. The author should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. The author will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Rebound comingIn order for the banking to have a renounce, RM8.20 must to go. Or not FBMKLCI will cost few days/weeks to pain for the red index.
Maybank turns BullishMaybank has strongly rebounded after a major collapse since May 2018. The price has significantly closed above resistance at 8.20, breaking a valid downtrend line since May 2018. The building up momentum could push the price to resistance level at 8.94, before it could reach the upside target at 10.145. We could be wrong if the price close below 7.00
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Maybank - Break up 8.35 resistance before dividend exPrice break through resistance 8.35 at 1st time before dividend ex
Mid term short target price is 8.54 & 9.00
Current Price to Book ratio is around 1.12, still consider attractive for long term investor.
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Maybank - declared 13.5sen dividendMaybank after cross up MA200 and only pull back to 8.00 (not drop to below 8.00 of previous forecast) before announcement of 3Q report.
Price re-test the immediate resistance 8.35 again after declared 13.5sen dividend
Declared of 13.5sen dividend, implied the "worst" may already over.
Current Price to Book ratio is 1.12, still consider attractive for long term investor.
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
MaybankMaybank start pull back & 1st temporary support may happen on 25 Nov before quarterly rpt release on 27 Nov, and hopefully can pull back to 7.93-7.83, if this 1support is break by Dec and next strong support will be around 7.71-7.60.
Have a good chance for Long term value investor re-accumulate again at support zone.
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
MAYBANK VERY UNUSUAL BULLISH PATTERN. Paten pergerakan yang mungkin tidak bertahan. Dijangka harga berundur sedikit masuk kedalam kawasan Fib 38-50% sebelum membentuk bullish trend.
Maybank gearing for long term uptrend?Maybank could have a long term uptrend shall prices keep staying above the EMA 200 days.
This bullish analysis is invalidated shall prices closed below the RM7.00 support level.
Additional fundamental info: relatively low P/E and high dividend yield.
MAYBANK: "I'll never financially recover from this"LLLH
Y1<Y2 + got power down + T1<T2
strong downtrend
Rolling Stone
In long term it is a strong down trend too
Maybank won't be able to make reversal up for a while unless it makes HHHL
TP @ 6.300
2020-09-26 0134hrs, Bear is in control nowMalayan Banking Berhad share at the moment looking bearish.
Break upward target: Approx. 7.92
Break downward target: Approx. 6.06
Let's wait till next Monday market open.
MAYBANK - Back to BottomMAYBANK
Rst: 7.30
Spp: 6.80
Pending bearish breakdown, there's tendency to break below this bearish breakdown neckline. And where can you expect technical rebound, based on Fibo Ext, the level can probably be found at 6.80
MAYBANK Falling to RM4 ?Price still below MA 20 and MA 50.
MACD crossing.
Double top pattern.
Huge selling volume
Malayan Banking - Chalked Poor Numbers at IndonesiaMaybank Indonesia saw net profit dropped 16% YoY in 2Q20, no thanks to tepid total income and surge in bad loan provision. Also, loans continued to contract and NPL ratio has risen further. Overall, results were largely within expectations and hence, forecasts were unchanged. In our opinion, the stock’s risk-reward profile remains balanced as there are no compelling re-rating catalysts, despite being able to offer superior dividend yield. Keep HOLD and GGM-TP of RM7.55, based on 1.01x FY21 P/B.
