It could be the best price level to buy and to keep for a few years.
The economy is not collapsing yet,
just a little hiccup caused by a global pandemic
But if it breaks the Trendline then I'll recommend every investor to increase their Gold Reserves quickly.
Maybank shares continue to be under pressure.
With the announcement of the cutting of OPR, expect the banking stocks will continue to drop due to lower interest income.
Plus the Coronavirus effect, Maybank will expect to go lower in the coming weeks or even months.
Technical chart-wise, we can see that it is on the downtrend still.
The share price of...
1155 Maybank - Currently backtesting mega support line, similar to year 2008 and 2016. Current price at RM8.6 is the launchpad to next higher high price level. Overall, Maybank is a gigantic bullish wedge spanning more than 10 years.
The largest market cap in the Bursa market have formed a classic chart pattern breakdown with formation target at 7.125.
Price level 9.10 have used as neckline instead of June 2018 low. The reason underlying by two symmetrical shoulder (left and right) ended and started development from this price level.
MYX:1155
Since Jul 2018, MAYBANK had entered into sideway after sharp declining from RM 10.88 to RM 9.00 in 1 month time. Since then, MAYBANK is trading within RM1.00 range (RM 9.00 - RM 10.00).
From my graph, as you can see, the MAYBANK is in a short term downtrend (A1 & B1 line). And in Mar 22, it had breakout downward of the short-term upward triangle...
For Education Purpose ONLY
Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Attached is the updated Technicals for MAYBANK -- The Donovan Norfolk Rated Top Bank of Entire Malaysia KLSE. The 3 dark green circled regions are my live calls in January 2016, 1H-2016 and 2H-2016 to buy bank stocks all over the world. Back in 2016, the herd were shouting for market crash and a bear market because the FED rate hikes caused a massive fear and...
The 3 dark green circled regions are my live calls in January 2016, 1H-2016 and 2H-2016 to buy bank stocks all over the world. Back in 2016, the herd were shouting for market crash and a bear market because the FED rate hikes caused a massive fear and markets were selling off. Singapore was to have technical recession back in 2016 too, and I was calling for bank...
Maybank share price start to plunged on last week with the highest selling volume happened on Thursday (24/5/2018). Looking at the Gann fan, the share price break the 3/1 line indicates the bull is weak but it testing again the line and if breakout that line suggesting the game will change.Volume analysis shows the selling volume keep decreasing, suggesting the...
![MAYBANK: [MAYBANK SHARE ANALYSIS] Impact from Coronavirus and OPR Cut](https://s3.tradingview.com/6/6ngcRUcL_mid.png "[MAYBANK SHARE ANALYSIS] Impact from Coronavirus and OPR Cut")
