Ambank should rally further after closing at its highest in over six months yesterday. A position can be initiated above RM6.40 with a close below last week’s low of RM6.28 as a stop-loss. The price target is last year’s high of RM7.00, with selling also expected at RM6.70. Failure to hold above RM6.40 may result in selling. Supports are at RM6.00 and RM5.85.
Source: OSK
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