MAYBANK (1155) - MAYBANK BERHAD - THE BULLISH TIGER
Dear i3investor community, valued investors and readers.
Today's stock analysis is one for all investors.
Kindly take a look at the Great Chart of MAYBANK.
Based on this weekly chart pattern, this could potentially be the GREATEST BREAKOUT OF ALL TIME for MAYBANK BERHAD. This stock has consolidated in this 'bullish consolidation' pattern for almost 4 years now ! The MACD and RSI looks on track to create higher highs. Buying interest also is starting to pick up in the recent days. I find it hard to believe that MAYBANK has not been able to rally past RM 9.00 since 2013-2014.
Allow me to state some key points and related analysis for MAYBANK.
The price of general goods and sevices in Malaysia have seen an increase in recent years. Our economy has also expanded with increased development, government and consumer spending. In general, there is definitely some inflation in our economy. However, MAYBANK has been stuck in this price range for almost 4 years !!
Everyone in Malaysia knows that our Ringgit has been weak in recent months.
If I was a foreign investor, MAYBANK would definitely appear as an extremely attractive stock for me to invest in. In addition to that, with the index in a bull run since the start of 2017, MAYBANK is likely to test this great consolidation trendline. Should the trendline at RM 8.50 be broken with high volume, I see this stock creating an all time high of RM 10.00 followed by RM 12.00 in the long term.
Maybank currently has a Market Cap of RM 85 billion. As a proud Malaysian investor, I hope to see the largest bank in Malaysia, Maybank hit a Market Cap of RM 100 BILLION in 2017.
Warm Regards,
Stanley Sim
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MAYBANK (1155) - MAYBANK BERHAD - THE BULLISH TIGER
http://klse.i3investor.com/blogs/stanleysim/116295.jsp
