Maybank has to close above RM8.80 or risk falling further. Weakness is confirmed on another close below RM8.68 and a position can be liquidated if it happens. Supports are expected at RM8.50 and the 2012 low of RM8.20. However, a close above RM8.80 should see the continuation of a rebound. Resistance is expected at RM9.00 and RM9.25.
Source: OSK
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