AIRASIA (Code : 5099)
Technical Comments: The bullish breakout above the upper Bollinger band (RM2.62) on Air Asia shares triggered a fresh DMI buy signal on positive technical momentum, suggesting further upside bias to re-test RM3.04 (13/1/11 peak) before meeting substantial resistance. A confirmed breakout would target RM3.50
MAYBANK (Code : 1155)
Technical Comments : Double buy signals on Maybank, specifically on the daily MACD and DMI trend indicators, supports further upside following recent base-building to at least re-visit RM9.38 (10/11/10). A confirmed breakout would target RM9.96 (1.236FP) and RM10.31 (1.382FP). Critical immediate support is at RM8.45 (61.8%FR).
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