AMMB In Accumulation Stage

2010-03-23

AMMB In Accumulation Stage

AMMB share price is moving between RM4.80 to RM 5.00 and base on the chart now AMMB is in accumulation stage before the announcement of 4Q2010 result on mid-May. There are above 1.5 months from now, so any price drop below RM4.80 will be a good buy in into AMMB share.

Before any rally to hits RM5.50 the share need to build a base on RM 5.10 level so the accumulation stage may continues till end of APR. Most of the research house give AMMB a good grading with target price about RM5.50 so AMMB may likely profitable in short term.

For me I always look into call warrants to maximums the profit of my portfolio.

2 comments:

Share Journey March 23, 2010 at 12:10 PM: How about its loan to Dubai's companies? Something to worry about?
East Point Trading March 23, 2010 at 10:32 PM: Hi Share Journey

Base on the chart if big fund still accumulate the share till APR, by early of MAY the share will rally by speculate the 4QFY2010 so the Dubai problem may review after the rally.

The Dubai loan will be review again by MAY 2010, positive or negative may not know yet to the public so to invest into AMMB is just only short term.

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