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Maybank's Next Move: A Bullish Setup in the Making?

Maybank's Next Move: A Bullish Setup in the Making?

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KingKKK
Oct 06, 2024
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KingKKK’s Substack
KingKKK’s Substack
Maybank's Next Move: A Bullish Setup in the Making?
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Overall Technical Verdict:

The overall uptrend is intact, with Bollinger Bands and moving averages still showing support, though momentum is weakening. The RSI isn't oversold yet, but there’s a possibility for a bounce. The weakness is that MACD has turned bearish, and volume has thinned, suggesting momentum is cooling off. If the price breaks key suppor…

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