Maybank may trade lower after failing to break above the RM8.80 resistance level over the past 2 weeks. Liquidation can be undertaken on closes below RM8.70, with a close below RM8.40 as confirmation. Supports are at RM8.15 and RM7.90. Buying will however return should it close above RM8.80, and strong resistance should come at the prior highs of RM9.00 and RM9.25.
Source: OSK
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