Mar 24, 2010

AMMB stock code 1015

AMMB-latest-chart

Buy on Dip AFG & AMMB Revert to Buy on Dip banking stocks on further correction toward their middle or lower Bollinger bands, where firmer buying support should emerge to restrict downside.  Banking stocks on focus today are AFG and AMMB, which should dip toward their lower Bollinger bands before more significant buying support returns.  As for lower liners, continue to buy on dip rubber glove makers Adventa, Latexx and Supermax for recovery ahead.

Last Price: RM4.48

TRADING VIEW:  BUY ON DIP FOR REBOUND towards: RM5.20/5.40 

Stop Loss:    Below RM4.40  (SL)

source: TA securities